The marginal utility of your fourth milk shake would be

A) $13.
B) $2.50.
C) $2.00.
D) $.50.

Question

The marginal utility of your fourth milk shake would beA) $13.B) $2.50.C) $2.00.D) $.50.

Xiaofei Jiang · Accepted Answer

Final Answer : B, Explanation :  The marginal utility of the fourth milkshake is equal to its price, which is $2.50, as per the law of diminishing marginal utility and consumer equilibrium.

The marginal utility of your fourth milk shake would be

A) $13.
B) $2.50.
C) $2.00.
D) $.50.

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Learning Objectives

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