Business, 29.07.2020 04:01 esuqugip9498
The table below represents how Marco feels about chocolate candy bars.
a. Fill in the missing values for total and marginal utility.
Marco's Utility
Chocolate Candy Bars Total Utility (utils) Marginal Utility (utils)
0 0 β
1 25
2 17
3 54
4
5 66 4
6 β1
b. Suppose Marco currently has two candy bars. You tell Marco you will give him either a soda, which gives him 22 utils of happiness, or two additional candy bars. Which is he likely to prefer?
options soda or two extra candy bars
Answers: 2
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The table below represents how Marco feels about chocolate candy bars.
a. Fill in the missing value...
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