Gilberto's reservation prices for tubs of hummus are given below. Q (Tubs) 1 2 3 4 5 Reservation Price ($) 28 22 16 14 13 11 Gilberto can also consume other foods which give him a constant marginal utility of 8.8 utils and cost $6.2. What is Gilberto's marginal utility from the 4th tub of hummus?

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Consumer Choice: Maximizing Utility And Behavioral Economics
Section: Chapter Questions
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Gilberto's reservation prices for tubs of hummus are given below.
Q (Tubs) Reservation Price
Answer:
($)
1
2
22
IN
3
16
4
14
5
6
at
28
13
11
Gilberto can also consume other foods which give him a constant marginal utility of 8.8 utils and cost $6.2. What is Gilberto's marginal
utility from the 4th tub of hummus?
Transcribed Image Text:Gilberto's reservation prices for tubs of hummus are given below. Q (Tubs) Reservation Price Answer: ($) 1 2 22 IN 3 16 4 14 5 6 at 28 13 11 Gilberto can also consume other foods which give him a constant marginal utility of 8.8 utils and cost $6.2. What is Gilberto's marginal utility from the 4th tub of hummus?
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