The total utility schedule of Sharon is given below for the number of shoes she  consumes.  i. Calculate Sharon’s marginal utility schedule.  ii. Plot a graph of total and marginal utility. iii. What is the maximum number of shoes that Sharon will consume?  Explain

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The total utility schedule of Sharon is given below for the number of shoes she 
consumes. 
i. Calculate Sharon’s marginal utility schedule. 
ii. Plot a graph of total and marginal utility.
iii. What is the maximum number of shoes that Sharon will consume? 
Explain

Number of Shoes
1
2
3
4
5
6
7
8
Total Utility
100
200
275
325
350
360
360
355
Marginal Utility
Transcribed Image Text:Number of Shoes 1 2 3 4 5 6 7 8 Total Utility 100 200 275 325 350 360 360 355 Marginal Utility
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