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23 October, 22:39

Suppose you are eating buffalo wings at a local happy hour. The total utils from eating the fourth, fifth, sixth, and seventh wings are: 70, 113, 126, and 150 respectively. What is the marginal utility of the sixth wing

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  1. 23 October, 22:57
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    13 utility

    Explanation:

    The computation is shown below:

    Given that

    Total utilities arise from eating

    Fourth wings = 70

    Fifth wings = 113

    Sixth wings = 126

    Seventh wings = 150

    So by considering the above information, the marginal utility of the sixth wing is

    = Sixth wing utility - fifth wing utility

    = 126 - 113

    = 13 utility

    Hence, the marginal utility of the sixth wing is 13
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