INSTRUCTIONS: Copyandcomplete thetables foreach ofthequestionsbelow; For each question below, construct the graphs showing Total Utility (TU) &
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Question:
INSTRUCTIONS:
- Copyandcomplete thetables foreach ofthequestionsbelow;
- For each question below, construct the graphs showing Total Utility (TU) & MarginalUtility(MU)foreachquestion.Eachquestion isonegraph;therefore,eachgraphwill consistofyourTUandMUlines. Remembertolabelyouraxesandlinesaccurately.
QUESTION1
Quantity of GoodsConsumed | TotalUtility(TU) | MarginalUtility(MU) |
| 0 | 0 | - |
| 1 | 25 | |
| 2 | 20 | |
| 3 | 10 | |
| 4 | 0 | |
| 5 | -5 | |
| 6 | -15 |
QUESTION2
Quantity of GoodsConsumed | TotalUtility(TU) | MarginalUtility(MU) |
| 0 | 0 | - |
| 1 | 32 | |
| 2 | 54 | |
| 3 | 72 | |
| 4 | 78 | |
| 5 | 78 | |
| 6 | 70 |
QUESTION3
Quantity of GoodsConsumed | TotalUtility(TU) | MarginalUtility(MU) |
| 0 | 0 | - |
| 1 | 45 | |
| 2 | 30 | |
| 3 | 85 | |
| 4 | 0 | |
| 5 | -15 | |
| 6 | 40 |
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