Q.2. From the following total utility schedule a. derive the marginal utility schedule. b. plot the total and the marginal utility schedules. c. determine where the law of diminishing marginal utility begins to operate. d. find the saturation point QX TUX 1 4 2 14 20 24 5 26 6 26 7 24 3. 4)

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Consumer Choice: Maximizing Utility And Behavioral Economics
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All A,B ,C ,D are required to solve 

Q.2. From the following total utility schedule
a. derive the marginal utility schedule.
b. plot the total and the marginal utility schedules.
c. determine where the law of diminishing marginal
utility begins to operate.
d. find the saturation point
QX
TUX
1
4
2
14
3
20
4
24
26
26
7
24
6
Transcribed Image Text:Q.2. From the following total utility schedule a. derive the marginal utility schedule. b. plot the total and the marginal utility schedules. c. determine where the law of diminishing marginal utility begins to operate. d. find the saturation point QX TUX 1 4 2 14 3 20 4 24 26 26 7 24 6
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