Lila likes to purchase bags of peanuts when she goes to baseball games. The tabl

Question

Lila likes to purchase bags of peanuts when she goes to baseball games. The table below contains information on Lila's total utility (TU) from buying peanuts.

Peanuts
(Number of bags) Total Utility
(Utils)
0 0
1 9
2 15
3 19
4 21
5 22

Lila's marginal utility from increasing consumption from two to three bags of peanuts is ______ her marginal utility from increasing consumption from one to two bags of peanuts, and her marginal utility from increasing consumption from one to two bags of peanuts is ______ her marginal utility from increasing consumption from zero to one bag of peanuts. (Hint: You can refer to the previous questions.)

A. Less than; greater than
B. Less than; equal to
C. Greater than; greater than
D. Less than; less than
E. Equal to; less than

Explanation / Answer

D is correct

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