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1 a) Based on the table, answer the following questions. Apples Juice (Glasses) Total Utility 1 2 3 4 5 Marginal Utility 9 13 16
1 a) Based on the table, answer the following questions. Apples Juice (Glasses) Total Utility 1 2 3 4 5 Marginal Utility 9 13 16 14 Calculate the marginal utility at every glass of apple juice. (2 marks) Illustrate the total utility and marginal utility curves. (2 marks) At which glass of apple juice will the point of satiation be yielded? (2 marks) What happens to marginal utility when total utility is declining? (2 marks)
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