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Mylie's total utility from singing the same song over and over is 80 utils after one repetition, 120 utils after two repetitions, 100 utils after three repetitions, 50 utils after four repetitions, -20 utils after five repetitions, and -170 utils after six repetitions, as shown in the table below. a. Write down her marginal utility for each repetition. Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Repetitions 0 Total Utility 0 Marginal Utility 1 80 80 2 120 40 3 100 30 4 50 20 5 -20 -110 6 -170 -120
Mylie's total utility from singing the same song over and over is 80 utils after one repetition, 120 utils after two repetitions, 100 utils after three repetitions, 50 utils after four repetitions, -20 utils after five repetitions, and -170 utils after six repetitions, as shown in the table below. a. Write down her marginal utility for each repetition. Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Repetitions 0 Total Utility 0 Marginal Utility 1 80 80 2 120 40 3 100 30 4 50 20 5 -20 -110 6 -170 -120
Marginal utilityis the additional satisfaction an individual gains from consuming one additional unit of a good orservice.What do you mean by utility?Utilityis a term used to refer to the services that areessentialfor the functioning of abusiness. Examples of utility services may include electricity, water, natural gas, telephone and internet services, waste disposal, andtransportation.First repetition: 80Second repetition: 40Third repetition: -20Fourth repetition: -50Fifth repetition: -70Sixth repetition: -120Marginal utilityis used to measure the benefit or utility an individual receives fromconsumingone additional unit of a given product. Marginal utility is an important concept ineconomics, as it helps to explain why people make certain decisions when it comes to the allocation ofresources.To know more aboututility,brainly.com/question/2551519#SPJ4...