The table below shows the quantity of goods consumed and the total utility of two goods. Total Utility (TU) GOOD Y QUANTITY GOOD X GOOD Z 1 156 250 360 351 550 900 585 1000 1590 845 1475 2340 1170 2100 3240 Calculate the Marginal Utility (MU) for each good. 2345

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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SECTION A-STRUCTURED QUESTIONS
[TOTAL = 30 MARKS]
Answer ALL questions. SHOW ALL YOUR WORKINGS.
QUESTION 1 (10 MARKS)
The table below shows the quantity of goods consumed and the total utility of two goods.
Total Utility (TU)
GOOD Y
QUANTITY
GOOD X
GOOD Z
156
250
360
351
550
900
585
1000
1590
845
1475
2340
1170
2100
3240
Calculate the Marginal Utility (MU) for each good.
(10 marks)
QUESTION 2 (15 MARKS)
The table below provide information about demand and supply of a new formulated herbal
drink in the district of Bukit Tinggi.
Markkat
Market
12345
Transcribed Image Text:SECTION A-STRUCTURED QUESTIONS [TOTAL = 30 MARKS] Answer ALL questions. SHOW ALL YOUR WORKINGS. QUESTION 1 (10 MARKS) The table below shows the quantity of goods consumed and the total utility of two goods. Total Utility (TU) GOOD Y QUANTITY GOOD X GOOD Z 156 250 360 351 550 900 585 1000 1590 845 1475 2340 1170 2100 3240 Calculate the Marginal Utility (MU) for each good. (10 marks) QUESTION 2 (15 MARKS) The table below provide information about demand and supply of a new formulated herbal drink in the district of Bukit Tinggi. Markkat Market 12345
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