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Suppose the following table reflects the total satisfaction (utility) derived from eating slices of pizza. Calculate the marginal utility of each slice of pizza and answer two questions about marginal utility.a. What is the marginal utility of each slice of pizza? Instructions: Complete each of the seven yellow cells below. Enter your responses as a whole number. Indicate negative responses with a (-) negative sign.Quantity Consumed Total Utility Marginal UtilityNo slices 0 -First slice 25 Second slice 50 Third slice 75 Fourth slice 90 Fifth slice 103 Sixth slice 100 Seventh slice 90 b. Marginal utility first diminishes with slice numberc. Marginal utility first turns negative with slice number

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Answer:

a)

quantity consumed         total utility            marginal utility

0                                             0                               0

1                                             25                             25

2                                            50                             25

3                                            75                             25

4                                            90                             15

5                                           103                             13

6                                           100                             -3

7                                            90                            -10

b) slice number 4

c) slice number 6

Explanation:

The law of marginal utility states that as the total number of units consumed increases, the utility yielded by consuming one more unit decreases.

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