1) Solve the following: Q
1) Solve the following:
Q Total Utility
0 0
1 60
2 130
3 190
4 230
5 250
Calculate her Marginal Utility at Q 2?
2) Marginal Utility at Q 4?
3) Average Utility at Q 3?
4) Average Utility at Q 5?
Homework Answers
Answer : Table showing information :
| Quantity | Total utility | Marginal utility | Average utility = Utility / Quantity |
| 0 | 0 | - | - |
| 1 | 60 | 60 | 60 |
| 2 | 130 | 70 | 65 |
| 3 | 190 | 60 | 63.3 |
| 4 | 230 | 40 | 57.5 |
| 5 | 250 | 20 | 50 |
1. Marginal utility at Q 2= 130-60= 70utilies
2.Marginal utility at Q4 = 230-190=40utilies
3.Average utility at Q3 = 190/3 = 63.3utilies
4.Average utility at Q5 = 250/5 =50utilies
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