Number of Patties Consumed Total Utility ($) Marginal Utility ($) 0 0 1 50 2 80 3
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Question:
Number of Patties Consumed | Total Utility ($) | Marginal Utility ($) |
0 | 0 | |
1 | 50 | |
2 | 80 | |
3 | 85 | |
4 | 88 | |
5 | 89 | |
6 | 89 | |
7 | 84 |
1.Calculate the Marginal Utility and draw the Total and Marginal Curves simultaneously.
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