Matthew is redecorating his apartment. The amount of utility he gets from chairs and couches is listed in the table to the right, where each number represents how much utility (in utils) he receives from the combination of chairs and couches:

a. What is the marginal utility from buying an additional chair if Matthew has 2 chairs and 2 couches?
b. What is the marginal utility from buying an additional couch if Matthew has 2 chairs and 2 couches?
c. If couches are the same price as chairs, and Matthew wants one more piece of furniture but already has 2 couches and 2 chairs, will he buy a couch or a chair? Explain.

Transcribed Image Text:

2 3 4 chairchairs chairs chairs 1 couch 2 couches6 3 couches 9 20 21 30 10 12 16