How is buying a house in a good school district like sending children to a private school?

How is buying a house in a good school district like sending children to a private school?

Fill in blanks A-D in the following table.

Units of Good Consumed	Total Utility (Utils)	Marginal Utility (Utils)
1	10	10
2	19	A?
3	B?	8
4	33	C?
5	35	D?

Solutions

Expert Solution

A = 9

B= 27

C= 6

D = 2

Forumlas used

Marginal Utility_x = Total Utility_x - Total Utility_{x -1}

Units of Good Consumed	Total Utility (Utils)	Marginal Utility (Utils)
1	10	10
2	19	A = 19 -10 = 9
3	B = 19 +8 = 27	8
4	33	C = 33 - B = 6
5	35	D = 35-33 =2

Rahul Sunny answered 1 year ago

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