Question

The following table shows the total utility gained from the consumption of
Fanta Lemon in a week.
left is quantity and right is total utility
1-20
2-35
3-45
4-53
5-58
6-58
7-48

1. Calculate the marginal utility. What do you observe?
2. Sketch the total utility and marginal utility curves.
3. If the price of Fanta Lemon increases from Rs.8 to Rs.10, how will it
affect its consumption?
Explain your answer using the data above.​

Answer 1

Answer:

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Answer 2

Answer:

calculate the marginal utility what do you observe