Give me proper answer with calculation and full explanationNote:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. Complete the following table and answer the questions below:Instructions: Enter only whole numbers for your numeric answers.UnitsConsumed0123456TotalUtilityO10253034MarginalUtility1083At which rate is total utility increasing: a constant rate, a decreasing rate, or an increasing rate? How do you know?(Click to select)

The consumer gains additional satisfaction when consuming one additional unit. The ratio of marginal…

Answered: Complete the following table and answer…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Give me proper answer with calculation and full explanation

Note:-

Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.

Answer completely and accurate answer.

Rest assured, you will receive an upvote if the answer is accurate.

Complete the following table and answer the questions below:
Instructions: Enter only whole numbers for your numeric answers.
Units
Consumed
0
1
2
3
4
5
6
Total
Utility
O
10
25
30
34
Marginal
Utility
10
8
3
At which rate is total utility increasing: a constant rate, a decreasing rate, or an increasing rate? How do you know?
(Click to select)

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