1. The table shows the total utility Joseph derives from eating pizza in the evening while study- ing. Pieces of pizza/evening Total Utility 1 30 48 3 60 4 70 78 6 80 7 76 a. How much marginal utility does Joseph derive from the third piece of pizza? b. After eating how many pieces of pizza does marginal utility start to decline? c. If the pizza were free, what is the maximum number of pieces Joseph would eat in an evening?

1. The table shows the total utility Joseph derives from eating pizza in the evening while study- ing. Pieces of pizza/evening Total Utility 1 30 48 3 60 4 70 78 6 80 7 76 a. How much marginal utility does Joseph derive from the third piece of pizza? b. After eating how many pieces of pizza does marginal utility start to decline? c. If the pizza were free, what is the maximum number of pieces Joseph would eat in an evening?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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