• What is meant by the “sharing economy”? • How does the sharing economy better allocate underutilized resources?
• In so doing, how does it “create value”?

c.

clarify customers’ doubts only when asked.

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.