Question: Question 4(2 marks) Refer to the information provided in Table 1 below to answer the question(s) that follow. Number of Hamburgers per Day Total Utility

Question 4(2 marks)

Refer to the information provided in Table 1 below to answer the question(s) that follow.

Number of Hamburgers per Day

Total Utility

Marginal Utility

Number of Hamburgers per Day

Total Utility

Marginal Utility

numbers of burgers per day - total utility - marginal utility

1 30

2 52

3 67

4 76

5 20 4

(a) Refer to Table 1. Calculate the marginal utility of the second hamburger per day.

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(b) Refer to Table 1. Calculate the marginal utility of the fourth hamburger per day

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Diminishing marginal utility sets in after how many hamburgers per day

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(d)What is the total utility of five hamburgers per day.

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