Exercise 2 This exercise is designed to help reinforce the student's understanding of the topic of consumer choice based on total and marginal utility. This exercise can be used in conjunction with any economics textbook that addresses this topic. NOTE: As you are working through this exercise make sure that you label all parts of your diagrams to avoid mistakes. This exercise should be done using a ruler so that your lines are accurate and pencil and eraser so that you can make changes if you make a mistake. Do not use pen! Milk Total Utility Marginal Utility Scenario 1 (Glasses/Day) (Utils/Day) (Utils/Glass) 0 O Ralph enjoys drinking milk because it will make him 1 18 grow up to be big and strong. Table 1 to the right contains the utility from drinking milk. Fill-in the 45 missing utils. 54 60 63 60 Table 1 Scenario 2 54 Using the graph to the right, plot Ralphs Total Utility 56 curve if he consumes 0, 1, 2, 3, 4, 5, 6, or 7 glasses of Total Utility (Utils) 48 milk per day. 40 32