Refer to Figure 6.8. The marginal utility of the third movie rental is

A) 0.
B) 3.
C) 12.
D) 28.

Question

Refer to Figure 6.8. The marginal utility of the third movie rental isA)  0.B)  3.C)  12.D)  28.

Frederic Heitzer · Accepted Answer

Final Answer : B, Explanation :  The marginal utility of the third movie rental is the additional utility gained from renting the third movie. Since marginal utility is the change in total utility from consuming one more unit, if the total utility from two rentals is 25 and from three rentals is 28, the marginal utility of the third rental is 28 - 25 = 3.

Refer to Figure 6.8. The marginal utility of the third movie rental is

A) 0.
B) 3.
C) 12.
D) 28.

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