A from the information given in above table calculatethe, Econometrics

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A from the information given in above table calculatethe

The following table shows the quantity of applesconsumed and total utility

derived from consuming these apples.

Quantity

ofApples ConsumedTotal Utility

0 0

1 8

2 14

3 18

4 20

5 20

A. From the information given in above table, calculate the marginal utility at each point.

B. Draw total utility curve andmarginal utility curve for consuming apples and interpret what is the relationship between totalutility and marginal utility of apples.

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Econometrics: A from the information given in above table calculatethe

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Econometrics: A from the information given in above table calculatethe

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Econometrics: A from the information given in above table calculatethe

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