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Question No. 3 (3 Marks) The table below contains information about the total utility Jerry gains from coffee and pastries he buys from the coffee
Question No. 3 (3 Marks) The table below contains information about the total utility Jerry gains from coffee and pastries he buys from the coffee shop Total utility from Coffee No of Coffee & Pastries 1 Total utility from Pastries 1.50 10 3 4 3.60 3.60 2 13 15 16 16.5 5 a) Calculate Jerry's marginal utility from coffee at each number of cups per 2 hours. Does Jerry's marginal utility from Coffee obey the principle of diminishing marginal utility? b) Calculate Jerry's marginal utility from Pastries at each number of hours per 2 hours. Does Jerry's marginal utility from Pastries obey the principle of diminishing marginal utility? c) Which does Ahmed enjoy more: his 4th cup of Coffee or his 4th piece of pastries
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