Question: The following is the utility data for product X (Table 1) Units consumed Total utility Marginal Utility 0 0 100 180 250 300 320 320

The following is the utility data for product X (Table 1)

The following is the utility data for product X (Table 1) Units consumed Total utility Marginal Utility 0 0 100 180 250 300 320 320 300 A. Complete the table above ( 2 marks) B. Graph and explain the relationship between total utility and marginal utility. (3marks) C. "A rational consumer will purchase only 1 unit of the product since that amount maximizes marginal utility." Do you agree? Explain why or why not. (2 marks) D. Based on the utility theory, what are the strategies that a firm can use to increase consumption of the product

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