Exhibit 6-2 Total utility for hamburgers, fries, and Cokes
Total Utilityfrom Hamburgers
Total Utilityfrom Fries
Total Utilityfrom Cokes
1 hamburger (100 utils)
1 order of fries (30 utils)
1 Coke (40 utils)
2 hamburgers (180 utils)
2 orders of fries (50 utils)
2 Cokes (60 utils)
3 hamburgers (240 utils)
3 orders of fries (60 utils)
3 Cokes (70 utils)
In Exhibit 6-2 assume that the price of hamburgers is $2 each, fries cost 50 cents each, and Cokes cost $1 each. What is the marginal utility of having a second order of fries?
A. 10 utils.
B. 20 utils.
C. 30 utils.
D. 50 utils.
Answer: B
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