Question: Utility Function (one consumer, X goods case with varying health states) (1.5 pt) Evaluate the utility curve below (Figure 1). At what point is the

  1. Utility Function (one consumer, X "goods" case with varying health states)
    1. (1.5 pt) Evaluate the utility curve below (Figure 1).
      1. At what point is the highest utility
      2. At what point is the marginal utility highest
      3. At what point is the marginal utility lowest
Utility Function (one consumer, X "goods" case with varying health states)(1.5 pt)

Utility H3 H2 U( X3) C H1 B U(X2) U(X1) A X1 X2 X3 X goods

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