The table below shows Daniel’s demand for giant slurpees. a. Complete the table below. Quantity MU...
The table below shows Daniel’s demand for giant slurpees. a. Complete the table below. Quantity MU TU 1 58 2 118 3 170 4 38 5 22 6 241 7 249 8 0 9 238 10 220 b. At what quantity is total utility maximized? units c. What is marginal utility at this quantity? Marginal utility:
Homework Answers
Table
| Q | TU | MU |
| 1 | 58 | 58 |
| 2 | 118 | 60 |
| 3 | 170 | 52 |
| 4 | 208 | 38 |
| 5 | 230 | 22 |
| 6 | 241 | 11 |
| 7 | 249 | 8 |
| 8 | 249 | 0 |
| 9 | 238 | -11 |
| 10 | 220 | -18 |
B) TU is maximum, When MU is zero
so Q = 8 units
C) MU , when Q = 8
= 0
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The table below shows Daniel’s demand for giant slurpees. a.
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