Question

Gilberto enjoys buying shoes. The following table contains information on Gilberto's utility from shoes each month....


Gilberto enjoys buying shoes. The following table contains information on Gilberto's utility from shoes each month. 

Fill in the two missing cells of the table.

image.png

On the following graph, use the purple points (diamonds symbol) to plot Gilberto's total utility (TU) curve if he consumes zero, one, two, three, four, five, or six pairs of shoes per month 

Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically 

image.png

On the following graph, use the blue points (circle symbol) to plot Gilberto's marginal utility (MU) curve from consuming his first six pairs of shoes. 

image.png

For Gilberto, increasing his consumption of shoes results in _______ marginal utility.



0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1
Shoes TU MU
0 0
1 12 12
2 22 10
3 30 8
4 36 6
5 40 4
6 42 2

Blank - decreasing

Add a comment
Know the answer?
Add Answer to:
Gilberto enjoys buying shoes. The following table contains information on Gilberto's utility from shoes each month....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT