Using the following information calculate total utility and marginal utility.

Published by admin on September 15, 2020

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A. Plot the total utility curve

B. Plot marginal utility directly below total utility

C. At what marginal utility value does total utility reach at maximum?

Number of utils for the first unit 300

Number of utils for the second unit 250

Number of utils for the third unit 220

Number of utils for the fourth unit 160

Number of utils for the fifth unit 100

Number of utils for the sixth unit 50

Number of utils for the seventh unit 20

Number of utils for the eighth unit 0

Number of utils for the ninth unit -225