A consumer derives 10 utilities of satisfaction from consuming 1st unit of good X and 6 utilities of satisfaction from the next unit. What is the marginal utility of the second unit? |
10 utilis. 14 utilis. 6 utilis. 16 utilis. |
6 utilis. |
The correct answer is Option (3) → 6 utilis. Marginal Utility (MU) is the additional satisfaction a consumer gets from consuming one more unit of a good. In this question:
But since the question already states that the second unit gives 6 utils of satisfaction, that is directly the Marginal Utility of the second unit. |