The first Pepsi yields Craig 18 units of utility and the second yields him an additional 12 units of utility. His total utility from three Pepsis is 38 units of utility. The marginal utility of the third Pepsi is____________

In the given case, the first yield has 18 units of utility, the second yield has additional 12 units of utility and the total utility is 38 units, so the marginal utility of the third Pepsi would be

= Total utility - first utility - second utility

= 38 units - 18 units - 12 units

= 38 units - 30 units

= 8 units

obash obash · Answer 2 · 2020-01-07T06:48:42+01:00

Answer:

The first Pepsi yields Craig 18 units of utility and the second yields him an additional 12 units of utility. His total utility from three Pepsis is 38 units of utility. The marginal utility of the third Pepsi is 13

Explanation:

marginal utility = change in total utility/ change in no of goods

at first goods utility=18 units while the marginal utility is 18

at second goods utility= 25 units while the marginal utility is 12

at third goods utility= 38 units while the marginal utility is 13