Question

If you get 210 utility points from consuming 3 Krystal burgers per week:
A) and receive 250 utility points from consuming 4 Krystal burgers per week, the marginal benefit of the 4th burger was 40 utility points
B) and received 250-utility points from consuming 4 Krystal burgers per week, then the marginal benefit of consuming all 4 burgers must be 460 utility points.
C) and receive 250 utility points from consuming 4 Krystal burgers per week, the marginal benefit of the 4th burger must be higher than the 3rd burger
D) and receive 250 utility points from consuming 4 Krystal burgers per week, you should obviously keep eating more this week since it appears that the total benefit of eating them rises.

Answer 1

Answer:

A

Explanation:

Marginal utility is change in total utility when consumption is increased by 1 unit.

Total utility when 3 burgers were consumed was 210. When consumption was increased to 4 units, total utility rose to 250.

Marginal utility = 250 - 210 = 40 utility points