Question: Complete the following table and answer the questions below: a. At which rate is total utility increasing: a constant rate, a decreasing rate, or an

Complete the following table and answer the questions below:

a. At which rate is total utility increasing: a constant rate, a decreasing rate, or an increasing rate? How do you know?

b. “A rational consumer will purchase only 1 unit of the product represented by these data since that amount maximizes marginal utility.” Do you agree? Explain why or why not.

c. “It is possible that a rational consumer will not purchase any units of the product represented by these data.” Do you agree? Explain why or why not.

Units Consumed Total Utility Marginal Utility 10 10 3 25 30 4 34

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