Class Activity Q1: Complete the following table and answer the questions below: a) Graphically show Law of Diminishing Marginal Utility b) Graphically explain Total Utility and Marginal Utility relationship Quantity TU 1 15 28 3 39 4 48 5 55 60 7 63 64 9. 63 10 61

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Class Activity
Ql: Complete the following table and answer the questions below:
a) Graphically show Law of Diminishing Marginal Utility
b) Graphically explain Total Utility and Marginal Utility relationship
Quantity
TU
1
15
2
28
3
39
4
48
5
55
60
7
63
8
64
9.
63
10
61
Transcribed Image Text:Class Activity Ql: Complete the following table and answer the questions below: a) Graphically show Law of Diminishing Marginal Utility b) Graphically explain Total Utility and Marginal Utility relationship Quantity TU 1 15 2 28 3 39 4 48 5 55 60 7 63 8 64 9. 63 10 61
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