Calculating Marginal Utilities Using Partial Differentiation

An individual is consuming slices of pizza, and their total satisfaction from consumption is measured in 'utils' as shown in the table below. What is the additional satisfaction gained from consuming the fourth slice of pizza?

Consumer Behavior at a Buffet

Analyzing Consumption Patterns

If an individual's total satisfaction continues to increase as they consume more units of a good, then the additional satisfaction they gain from each new unit must also be increasing.

A consumer's total satisfaction from drinking cups of coffee per day is shown in the table below. Match each consumption step with the corresponding additional satisfaction (marginal utility) gained during that step.

Evaluating Consumer Satisfaction

As a person consumes more and more units of a specific good, the total satisfaction they receive generally increases, but the additional satisfaction gained from each new unit tends to decrease. The economic term for this additional satisfaction from consuming one more unit is known as __________.

A hiker is consuming energy bars on a long trail. The table below shows the total satisfaction (utility) they receive from eating a certain number of bars. Arrange the following consumption choices in order, from the one that provides the most additional satisfaction to the one that provides the least.

Optimal Snack Choice

Applying Economic Principles to Public Policy

Diminishing Marginal Utility of Wages (MU) in the Browneville Model