Question: 1. 4. Suppose that Antonios total utility from different quantities of snas per day is given by the table below. antity of snas per day

1. 4. Suppose that Antonio’s total utility from different quantities of snas per day is given by the table below.

antity of snas per day Total utility Marginal utility

antity of snas per day Total utility Marginal utility 0 0 1 20 2 40 3 60 4 75 5 85 6 90 7 85 8 75

a. Draw and label Antonio’s utility function for snas.

b. Fill in the last column of the table above, calculating Antonio’s marginal utility from snas.

c. Does Antonio always display diminishing marginal utility in his satisfaction from snas?

d. Assuming Antonio is rational, what is the maximum number of snas that he could oose to consume per day?

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