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1- Using the following information, calculate total utility and marginal utility

ID: 1244589 • Letter: 1

Question

1- Using the following information, calculate total utility and marginal utility. a. Plot the total utility curve b. Plot marginal utility directly below total utility c. At what marginal utility value does total utility reach a maximum? Numbers of utils for the first unit 300 Numbers of utils for the second unit 250 Numbers of utils for the third unit 220 Numbers of utils for the fourth unit 160 Numbers of utils for the fifth unit 100 Numbers of utils for the sixth unit 50 Numbers of utils for the seventh unit 20 Numbers of utils for the eighth unit 0 Numbers of utils for the ninth unit -250

Explanation / Answer

? 4:44? 4:44 www.youtube.com/watch?v=tmfXKaUjo5Q

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