Question: Use the table below to answer the following questions. Quantity of 8 oz. cups of coffee Total Utility Marginal Utility 1 10 2 7 3

Use the table below to answer the following questions. Quantity of

Use the table below to answer the following questions. Quantity of 8 oz. cups of coffee Total Utility Marginal Utility 1 10 2 7 3 5 4 6 1. Calculate and record the Marginal Utility (2 pts each) for a. 2 cups of coffee: b. 3 cups of coffee: c. 4 cups of coffee: 2. How many cups of coffee is this consumer willing to purchase? 4 pts. 3. How do you know? 6 pts

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