1. Complete this table to the level of consumption at which TU is at a maximum. Q...

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1. Complete this table to the level of consumption at which TU is at a maximum.

Q

60Q

–4Q2

=

TU

1

60

–4

=


2

120

–16

=


3

180

–36

=


4

240

–64

=


5

300

–100

=


6

360

–144

=


7

420

–196

=


8

480

–256

=


2.  Derive the MU function from the following TU function:

                        TU = 200Q – 25Q² + Q³

From this MU function, draw up a table (like the one above) up to the level of Q where MU becomes negative. Graph these figures.

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Related Book For  answer-question

Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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