Q1. a) Complete the table below: Quantity of Cheese Cakes (slices per day) Total Utility (TU) Marginal Utility (MU) 1 20 2 36 3 48 4 55 5 50 i) After how many slices do you get bored of Cheese cakes? ii) After how many slices do you feel sick? b) Using the values from the above table, “Plot” (on separate graphs) i) Total Utility ii) Marginal Utility graphs
Q1. a) Complete the table below: Quantity of Cheese Cakes (slices per day) Total Utility (TU) Marginal Utility (MU) 1 20 2 36 3 48 4 55 5 50 i) After how many slices do you get bored of Cheese cakes? ii) After how many slices do you feel sick? b) Using the values from the above table, “Plot” (on separate graphs) i) Total Utility ii) Marginal Utility graphs
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Q1. a) Complete the table below:
Quantity of Cheese Cakes (slices per day) |
Total Utility (TU) |
|
1 |
20 |
|
2 |
36 |
|
3 |
48 |
|
4 |
55 |
|
5 |
50 |
|
- i) After how many slices do you get bored of Cheese cakes?
- ii) After how many slices do you feel sick?
- b) Using the values from the above table, “Plot” (on separate graphs)
- i) Total Utility
- ii) Marginal Utility graphs
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