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At what marginal utility value does total utility reach a

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Reference no: EM13316403

Using the following information, calculate total utility and marginal utility.

a. Plot the total utility curve.

b. Plot marginal utility directly below total utility.

c. At what marginal utility value does total utility reach a maximum?

Number of units for the first unit: 300

Number of units for the second unit: 250

Number of units for the third unit: 220

Number of units for the fourth unit: 160

Number of units for the fifth unit: 100

Number of units for the sixth unit: 50

Number of units for the seventh unit: 20

Number of units for the eighth unit: 0

Number of units for the ninth unit: -250

Reference no: EM13316403

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