Gilberto's reservation prices for tubs of hummus are given below. Q (Tubs) 1 2 3 Answer: 4 5 6 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
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Please see attachment and type out the correct step by step correct answer with proper explanation of it.within  40/50minutes.Will give upvote only for the correct answer.thank you.

Gilberto's reservation prices for tubs of hummus are given below.
Q (Tubs)
1
Answer:
2
3
4
10
5
6
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 $6.2. What is Gilberto's marginal
utility from the 4th tub of hummus?
Transcribed Image Text:Gilberto's reservation prices for tubs of hummus are given below. Q (Tubs) 1 Answer: 2 3 4 10 5 6 Reservation Price ($) 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?
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