You have determined that the following utility values can be obtained by reading your Economics book. $$\begin{array} { | c | c | c | }
\hline \begin{array} { c }
\text { Number of } \
\text { Chapters }
\end{array} & \begin{array} { c }
\text { Total } \
\text { Utility }
\end{array} & \begin{array} { c }
\text { Marginal } \
\text { Utility }
\end{array} \
\hline 0 & 0 & \
\hline 1 & 2 & \
\hline 2 & 4 & \
\hline 3 & 6 & \
\hline 4 & 8 & \
\hline 5 & 10 & \
\hline 6 & 12 & \
\hline
\end{array}$$ (a) Compute marginal utility.
(b) Does the example illustrate the principle of diminishing marginal utility? Explain.

Question

You have determined that the following utility values can be obtained by reading your Economics book. $$\begin{array} { | c | c | c | } 
\hline \begin{array} { c } 
\text { Number of } \
\text { Chapters }
\end{array} & \begin{array} { c } 
\text { Total } \
\text { Utility }
\end{array} & \begin{array} { c } 
\text { Marginal } \
\text { Utility }
\end{array} \
\hline 0 & 0 & \
\hline 1 & 2 & \
\hline 2 & 4 & \
\hline 3 & 6 & \
\hline 4 & 8 & \
\hline 5 & 10 & \
\hline 6 & 12 & \
\hline
\end{array}$$ (a) Compute marginal utility.
(b) Does the example illustrate the principle of diminishing marginal utility? Explain.

Quizplus · Accepted Answer

The Answer of You have determined that the following utility values can be obtained by reading your Economics book. $$\begin{array} { | c | c | c | } 
\hline \begin{array} { c } 
\text { Number of } \
\text { Chapters }
\end{array} & \begin{array} { c } 
\text { Total } \
\text { Utility }
\end{array} & \begin{array} { c } 
\text { Marginal } \
\text { Utility }
\end{array} \
\hline 0 & 0 & \
\hline 1 & 2 & \
\hline 2 & 4 & \
\hline 3 & 6 & \
\hline 4 & 8 & \
\hline 5 & 10 & \
\hline 6 & 12 & \
\hline
\end{array}$$ (a) Compute marginal utility.
(b) Does the example illustrate the principle of diminishing marginal utility? Explain.

You Have Determined That the Following Utility Values Can Be