Quantity (cones per week) |
Total utility | Marginal utility |
0 | 0 | X |
1 | 22 | ___ |
2 | 38 | ____ |
3 | ____ | 11 |
4 | 56 | ____ |
5 | ____ | 4 |
6 | 62 | ____ |
7 | 63 | ____ |
1) The table above gives the utility Andy receives from different
quantities of vanilla ice cream cones. Complete the table. Place
all answers in the space provided below.
Quantity (tacos per week) |
Total utility | Marginal utility |
0 | 0 | X |
1 | ____ | 20 |
2 | 35 | ____ |
3 | 45 | ____ |
4 | 52 | ____ |
5 | 57 | ____ |
2) The table above gives Jessie's marginal utility and total
utility from tacos. Complete the table. Place all answers in the
space provided below.
Q1
Quantity | Total utility | Marginal utility |
(cones per week) | ||
0 | 0 | X |
1 | 22 | 22 |
2 | 38 | 16 |
3 | 49 | 11 |
4 | 56 | 7 |
5 | 60 | 4 |
6 | 62 | 2 |
7 | 63 | 1 |
the marginal utility of n th unit =Total utility of n units - total utility of n-1 units
total utility =sum of marginal utilities.
Q2
Quantity | Total utility | Marginal utility |
(tacos per week) | ||
0 | 0 | X |
1 | 20 | 20 |
2 | 35 | 15 |
3 | 45 | 10 |
4 | 52 | 7 |
5 | 57 | 5 |
the marginal utility of n th unit =Total utility of n units - total utility of n-1 units
total utility =sum of marginal utilities.
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