The total utilities of the first five units of good X are 10, 19, 26, 33, and
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The total utilities of the first five units of good X are 10, 19, 26, 33, and 40 utils, respectively. In other words, the total utility of 1 unit is 10 utils, the total utility of 2 units is 19, and so on. What is the marginal utility of the third unit?
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From the information given Units Total Utility Marginal Utility 1 10 10 2 19 9 3 2...View the full answer
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Nrusinghananda Panda
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