Sean's marginal utility of riding the Twisty River the second time is likely Less than 50 utils . b. If Sean's total utility begins to decrease after his fifth ride on the Twisty River, we can conclude Sean's marginal utility has become negative. ExpertAnswer. (1) The answer is (C) Marginal utility for the 4th bottle is = 180 - 150 = 30 (2) The answer is (C) According to the above given scenario . 12. (Table) Based on the table, the marginal utility from consuming the fourth root beer is utils. Root Beer Candy Bars Quantity Total Utility Quantity Total Utility 0 0 0 60 1 80 2 110 Economics Economics questions and answers. If at a quantity consumed of 1 unit, total utility equals 25 and marginal utility equals 25, and at a quantity consumed of 2 units, total utility is unknown and marginal utility is 20, and at a quantity consumed of 3 units, total utility is 57 and marginal utility is unknown, what is marginal utility Asa consumer compares the marginal utility per dollar spent on a good with the marginal utility per dollar spent on an alternative purchase (the opportunity cost), the marginal benefit is the additional utility that will be gained and the marginal cost is the amount of utility given up. If the amount gained is greater than what is given up Marginalutility refers to the net addition to total utility by consuming additional unit (one more unit)of commodity . Total utility is total satisfaction that a consumer gets from consuming all units at a time . It is calculated as sum of all marginal utilities. Marginalutility is the benefit of consuming an extra unit; This utility is not constant. Often we get diminishing marginal utility. The first piece of chocolate cake gives more utility than the 7th piece. In the above example, total utility (300) is maximised after just four pieces of chocolate cake. .

what is total utility and marginal utility