Also answer part b Show work please Suppose the following table reflects the tot

Question

Also answer part b

Show work please

Suppose the following table reflects the total satisfaction (utility) derived from eating pizza: What is the marginal utility of each pizza? Instructions: If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. What causes the marginal utility to diminish? Marginal utility diminishes because people are difficult to satisfy. As the consumer consumes more and more of the product he/she requires a lower and lower price for the product After some point each additional unit becomes less valuable or satisfying. Marginal utility diminishes when prices increase.

Explanation / Answer

a) Marginal utilities

1: 47

2: 45

3: 30

4: 13

5: 2

6: -17

7: -50

b) After some point each additional unit becomes less valuable( 3d option)

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