Consider the following table,which gives utility numbers for "Good X." Marginal in this table represents values between levels of total utility. $$\begin{array} { | c | c | c | }
\hline \text { Units of Good X } & \text { Total Utility } & \text { Marginal Utility } \
\hline 0 & 0 & \
\hline 1 & 10 & \
\hline 2 & & 12 \
\hline 3 & 36 & \
\hline 4 & 52 & \
\hline 5 & & 18 \
\hline 6 & & 20 \
\hline
\end{array}$$ (a)Fill in the blanks of the table.
(b)Draw a picture illustrating the relationship between Units of Good X (horizontal axis)and Marginal Utility (vertical axis).
(c)What does the picture you drew for part (b)say about a consumer's satisfaction when increasing consumption of Good X?
(d)How is this example different than what we typically expect to find?

Question

Consider the following table,which gives utility numbers for "Good X." Marginal in this table represents values between levels of total utility. $$\begin{array} { | c | c | c | } 
\hline \text { Units of Good X } & \text { Total Utility } & \text { Marginal Utility } \
\hline 0 & 0 & \
\hline 1 & 10 & \
\hline 2 & & 12 \
\hline 3 & 36 & \
\hline 4 & 52 & \
\hline 5 & & 18 \
\hline 6 & & 20 \
\hline
\end{array}$$ (a)Fill in the blanks of the table.
(b)Draw a picture illustrating the relationship between Units of Good X (horizontal axis)and Marginal Utility (vertical axis).
(c)What does the picture you drew for part (b)say about a consumer's satisfaction when increasing consumption of Good X?
(d)How is this example different than what we typically expect to find?

Quizplus · Accepted Answer

The Answer of Consider the following table,which gives utility numbers for "Good X." Marginal in this table represents values between levels of total utility. $$\begin{array} { | c | c | c | } 
\hline \text { Units of Good X } & \text { Total Utility } & \text { Marginal Utility } \
\hline 0 & 0 & \
\hline 1 & 10 & \
\hline 2 & & 12 \
\hline 3 & 36 & \
\hline 4 & 52 & \
\hline 5 & & 18 \
\hline 6 & & 20 \
\hline
\end{array}$$ (a)Fill in the blanks of the table.
(b)Draw a picture illustrating the relationship between Units of Good X (horizontal axis)and Marginal Utility (vertical axis).
(c)What does the picture you drew for part (b)say about a consumer's satisfaction when increasing consumption of Good X?
(d)How is this example different than what we typically expect to find?

Consider the Following Table,which Gives Utility Numbers for "Good X