MHC-321 Final: Below is what I need help with this paper that is plagerism free and7
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2 Mar 2020
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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 |
Ā