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Student, examine the table below and respond to the following question as under: Number of Patties Consumed Total Utility ($) Marginal Utility ($) 0 0

Student, examine the table below and respond to the following question as under:

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. Share your findings. 2. Discuss the shortcomings of Utility Theory

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