Q4-From the blow table discuss the following with the help of graph. a) Trend of total utility b) Trend of marginal utility c) Law of diminishing marginal utility Units of X Total Utility Marginal Utility 1 10 10 2 18 8 3 24 6 4 28 4 5 30 2 6 30 0 7 28 -2

Q4-From the blow table discuss the following with the help of graph. a) Trend of total utility b) Trend of marginal utility c) Law of diminishing marginal utility Units of X Total Utility Marginal Utility 1 10 10 2 18 8 3 24 6 4 28 4 5 30 2 6 30 0 7 28 -2

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 3SQP

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Question

Q4-From the blow table discuss the following with the help of graph.

a) Trend of total utility

b) Trend of marginal utility

c) Law of diminishing marginal utility

Units of X	Total Utility	Marginal Utility
1	10	10
2	18	8
3	24	6
4	28	4
5	30	2
6	30	0
7	28	-2

Definition Definition Satisfaction derived from the consumption of an additional unit of any commodity.

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