The Law of Diminishing Marginal Utility Exercise 3 (Algo) The table below shows the marginal utility that June gains from eating each additional bowl of ice cream. Instructions: Enter your answers as a whole number. a, Complete the total utility column in the table. Ice Cream and Utility Marginal Utility (utils) Total Utility (utils) Ice Cream (bowls) 1 20 2 15 3 10 4 5. -5 6. -10 b. How many bowls of ice cream will maximize June's utility? bowl(s) c. Which bowl of ice cream provides June with the most utils? Bowl number:
The Law of Diminishing Marginal Utility Exercise 3 (Algo) The table below shows the marginal utility that June gains from eating each additional bowl of ice cream. Instructions: Enter your answers as a whole number. a, Complete the total utility column in the table. Ice Cream and Utility Marginal Utility (utils) Total Utility (utils) Ice Cream (bowls) 1 20 2 15 3 10 4 5. -5 6. -10 b. How many bowls of ice cream will maximize June's utility? bowl(s) c. Which bowl of ice cream provides June with the most utils? Bowl number:
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 2QFR
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