Question

Use the table for questions 29-30:

Number of T-shirts	Total Utility	Marginal Utility
1	100
2	180	80
3	235	55
4	250	15
5

1. The marginal utility of the 3^rd T-shirt is _____55_______.

2. Which of the following statements is not consistent with the data for T-shirts?

1. The marginal utility of the 5^th T-shirt is greater than 15.
2. The law of diminishing marginal utility is evident for T-shirts.
3. Up to the 4^th T-shirt, total utility increases with each additional shirt.
4. The first T-shirt provides the largest increase in utility.

Marginal utility decreases with each additional T-shirt

Answer 1