Karen O'Brien has the demand schedule for grapefruit shown in the table below.
A)Her total utility for four grapefruits would be .
B)Her marginal utility from the fifth grapefruit would be .
C)If the price were 40 cents,her consumer surplus would be .
$$1.001$.702$.503$.404$.255\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity Demand } & \text { Marginal Utility } & \text { Total Utility } \\\hline \$ 1.00 & 1 & & \\\hline \$ .70 & 2 & & \\\hline \$ .50 & 3 & & \\\hline \$ .40 & 4 & & \\\hline \$ .25 & 5 & & \\\hline\end{array}$

Question

Karen O'Brien has the demand schedule for grapefruit shown in the table below.
A)Her total utility for four grapefruits would be ____.
B)Her marginal utility from the fifth grapefruit would be ____.
C)If the price were 40 cents,her consumer surplus would be ____.

$1.001$.702$.503$.404$.255\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity Demand } & \text { Marginal Utility } & \text { Total Utility } \\\hline \$ 1.00 & 1 & & \\\hline \$ .70 & 2 & & \\\hline \$ .50 & 3 & & \\\hline \$ .40 & 4 & & \\\hline \$ .25 & 5 & & \\\hline\end{array}

Erika Alecio · Accepted Answer

Final Answer :      Price   Quantity Demanded   Marginal utility   Total Utility  $ 1.00 1 $ 1.00 $ 1.00 . 70 2 . 70 1.70 . 50 3 . 50 2.20 . 40 4 . 40 2.60 . 25 5 . 25 2.85 \begin{array} { | c | c | c | c | } \hline 	ext { Price }  &  	ext { Quantity Demanded }  &  	ext { Marginal utility }  &  	ext { Total Utility } \\hline \$ 1.00  &  1  &  \$ 1.00  &  \$ 1.00 \\hline .70  &  2  &  .70  &  1.70 \\hline .50  &  3  &  .50  &  2.20 \\hline .40  &  4  &  .40  &  2.60 \\hline .25  &  5  &  .25  &  2.85 \\hline\end{array}  Price  $1.00 .70 .50 .40 .25 ​  Quantity Demanded  1 2 3 4 5 ​  Marginal utility  $1.00 .70 .50 .40 .25 ​  Total Utility  $1.00 1.70 2.20 2.60 2.85 ​ ​ A)$2.60B)$.25C)$2.60 - $1.60 = $1.00

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