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(Table) Based on the Table, the Marginal Utility of the Third

question 152

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(Table) Based on the table, the marginal utility of the third bag of chips is ______ utils.
 Bottled Water  Bags of Chips  Quantity  Total Utility  Quantity  Total Utility 000014016027029039031054100411451065120\begin{array}{l}\hline \quad \quad \quad {\text { Bottled Water }} \quad \quad \quad \quad \quad \quad \quad {\text { Bags of Chips }} \\\begin{array}{|c|c|c|c|}\hline \text { Quantity } & \text { Total Utility } & \text { Quantity } & \text { Total Utility } \\\hline 0 & 0 & 0 & 0 \\\hline 1 & 40 & 1 & 60 \\\hline 2 & 70 & 2 & 90 \\\hline 3 & 90 & 3 & 105 \\\hline 4 & 100 & 4 & 114 \\\hline 5 & 106 & 5 & 120 \\\hline\end{array}\end{array}

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Definitions:

Empirical Research

A way of gaining knowledge by means of direct and indirect observation or experience, prioritizing evidence and experimentation in the pursuit of understanding.

Middle-Class

A socioeconomic group situated between the working class and the upper class, typically characterized by moderate to high income, educational attainment, and a sense of cultural and political influence.

Reliability

The consistency and dependability of a measurement, test, or assessment over time.

Validity

The extent to which a test or instrument measures what it claims to measure.

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