Asked by
Jiselle Dawang
on Nov 25, 2024
Verified
The first Pepsi yields Craig 15 units of utility and the second yields him an additional 13 units of utility. His total utility from threecans of Pepsi is 40 units of utility. The marginal utility of the third Pepsi is
A) 27 units of utility.
B) 28 units of utility.
C) 12 units of utility.
D) 40 units of utility.
Pepsi
A global brand of carbonated soft drinks produced and manufactured by PepsiCo.
Marginal Utility
The extra pleasure or advantage gained by using an additional unit of a product or service.
- Unveil the connection that sits between total utility, marginal utility, and the equilibrium condition of consumers.
Verified Answer
CL
Learning Objectives
- Unveil the connection that sits between total utility, marginal utility, and the equilibrium condition of consumers.