Andy derives utility from two goods, potato chips (p) and cola (c). Andy receives zero utility unless he consumes some of at least one good. The marginal utility that he receives from the two goods is given as follows:

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Bianca Schwartz

30 September, 23:17

Andy derives utility from two goods, potato chips (p) and cola (c). Andy receives zero utility unless he consumes some of at least one good. The marginal utility that he receives from the two goods is given as follows:

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Semaj · Answer 1

6

Explanation:

Marginal Utility is defined as the satisfaction that an individual gains after consuming additional units of a certain goods or services. Andy has two goods available to consume cola and potato chips. Andy will consume 6 units of potato chips to maximize his marginal utility. The cola is also consumed by Andy to satisfy his marginal utility.