Q4) Marginal Utility Use the table to calculate then draw marginal utility, show your calculations, answer two questions. Popcorn Consumption 0 First box Second box Third box Fourth box Fifth box Sixth box Total Utility 0 20 35 44 49 50 40 a. With which box of popcorn does marginal utility first diminish? b. With which box does marginal utility become negative?

Q4) Marginal Utility Use the table to calculate then draw marginal utility, show your calculations, answer two questions. Popcorn Consumption 0 First box Second box Third box Fourth box Fifth box Sixth box Total Utility 0 20 35 44 49 50 40 a. With which box of popcorn does marginal utility first diminish? b. With which box does marginal utility become negative?

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Consumer Choice And Demand

Section: Chapter Questions

Problem 1.3P

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