Q15

hanced Homework Question 15, 1.3.47-BE HW Score: 23.33%, 4.2 of 18 points Part 1 of 5 O Points: 0 of 1 Sav Utility is a type of function that occurs in economics. When a consumer receives x units of a certain product, a certain amount of pleasure, or utility U, is derived. The graph represents a typical utility function. AU 250- (4,209) a) Find the average rate of change of U as x changes from 0 to 1, from 1 to 2, from 2 to 3, from 3 to 4 200- (3,180) b) Why do the average rates of change decrease as x increases? 150- (2,142) Utility (pleasure units) 100 (1,90) 50- Number of units of product