Sunday, September 14, 2014

Can you Calculate Marginal Utility and Total Utility?

Number
Marginal
Utility
Total
Utility
Average
Utility
1


10
2


9
3


8
4


7
5


6
6


5
7


4
8


3
9


2
10


1


Remember: Total Utility is average utility times the number of units, and Marginal Utility is the change in Total Utility

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