Question

1 Quantity of Hot Dogs Total Utility luti Marginal Utility (utis 88 132 132 131 a. Complete the missing cells See page 440. b. Draw the total utility curve (See page 440). Please use Excel to draw the utility curve. When done, copy the chart from Excel and insert it in the space provided below Draw the marginal utility curve (See page 440). Please used Excel to draw the utility curve. Hint: do not include the row where quantity of hot dogs per week , because when quantity , marginal utility is undefined. d. Which one unit increase in consumption generates the highest marginal utility? Which one unit increase in consumption generates zero marginal utility? Which one increase in consumption generates negative marginality?

Answer 1

A:-

Quantity of Hot Dogs Per Week	Total Utility (Units)	Marginal Utility (Units)
0	0	-
1	50	50
2	80	30
3	102	22
4	114	12
5	122	8
6	126	4
7	129	3
8	131	2
9	132	1
10	132	0
11	131	-1

B&C:-

Total utilit W/L 1 2 3 4 5 6 7 8 9 Ory 10 Marginal Utility

D:- First unit of consumption will give higest marginal utility.

E:- 10th unit consumption will give zero marginal utility.

F:- 11th unit consumption will give negative marginal utility.

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