(a) In Figure 4.3, which box of popcorn first shows diminished marginal utility?
(i) Total utility

(ii) Marginal utility

(b) In the cartoon "You can have too much of a good thing," which pizza slice first yields negative marginal utility?

Transcribed Image Text:

Decline in total utility Rising total utility 3 4 5 QUANTITY OF POPCORN (boxes per show) TOTAL UTILITY (utility per box) 2. Diminishing marginal utility Negative marginal utility 0 1 2 3 4 5 QUANTITY OF POPCORN (boxes per show) MARGINAL UTILITY (utility per box)