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Answer the following questions Homework 2 (Chapters 6 and 7) i Saved Help Save & Exit Submit Check my work 12 Quantity Consumed 0 3

Answer the following questions

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Homework 2 (Chapters 6 and 7) i Saved Help Save & Exit Submit Check my work 12 Quantity Consumed 0 3 4 5 6 7 8 1.74 points Instructions: Move the slider at the bottom of the diagram to change the quantity consumed for all the available quantities on the total eBook utility and marginal utility graphs Print a) For the utility function above, if the price of the good is $4, what is the Marginal Utility per Dollar for the fourth unit consumed? References utils. b) For the utility function above, if the price of the good is $2, what is the Marginal Utility per Dollar for the second unit consumed? utils. c) Would a rational consumer consume the eighth unit if it was free? |No Mc Graw Education Type here to search O a e 1:47 PM 7/16/2020Check n Given the following diagram: Diminishing Marginal Utility Lin. TOTAL AND MARGINAL UTILITY Reset BE UTILITY CALCULATIONS Total Utility Quantity Total Marginal 70 Consumed Utility Utility 60 0 0 50 40 30 20 10 1 2 3 5 6 7 8 Quantity Consumed

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