As a consultant you have been asked to generate a unit demand forecast for a product for year 2017 using exponential smoothing. the actual demand in year 2016 was 750. the forecast demand in year 2016 was 960. using this data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2017 forecast value? a) 1,023 b) 1,120 c) 897 d) 813 e) 766

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.