1
answer
0
watching
89
views
6 Oct 2020
Using the following information, calculate total utility and marginal utility.
a. Plot the total utility curve.
b. Plot marginal utility directly below total utility.
c. At what marginal utility value does total utility reach a maximum?
units of consumption
utils
1
300
2
250
3
220
4
160
5
100
6
50
7
20
8
0
9
-250
Using the following information, calculate total utility and marginal utility.
a. Plot the total utility curve.
b. Plot marginal utility directly below total utility.
c. At what marginal utility value does total utility reach a maximum?
| units of consumption | utils |
| 1 | 300 |
| 2 | 250 |
| 3 | 220 |
| 4 | 160 |
| 5 | 100 |
| 6 | 50 |
| 7 | 20 |
| 8 | 0 |
| 9 | -250 |
Sonal BahlLv10
5 Nov 2020
