Reference no: EM133274252

You are given the following data about the utility for coffee. Total Utility (TU) is measured in 100's of utils and the quantity of coffee (Q) is measured in number of cups of coffee consumed. 

Total Utility (TU)       0   10  17   25    31   35   35   26    18 

Quantity of coffee    0   1    2     3      4     5     6      7      8

a). In one clearly and accurately labeled graph, created using Excel, graph your Total Utility (TU) curve of your coffee consumption. 

b)In one clearly and accurately labeled graph, created using Excel, graph your Marginal Utility (MU) curve of your coffee consumption. MU is measured in 100's utils.

c)In one clearly and accurately labeled table, created using Excel, list your data for MU, being certain to show all your work for calculating MU.

d) Based solely on your graphs in parts a and b, and specifically referencing both graphs, explain, 

• where TU and MU have hit their peak and why?
• explain where and why diminishing marginal utility is located on both graphs
• explain where negative marginal utility is located on both curves and why.