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in Consumers Equilibrium by (63.7k points)

Estimate the value of total utility and marginal utility from the following table

Units Consumed (Commodity X) TUx
1 200
2 390
3 570
4 740
5 900

1 Answer

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by (63.4k points)
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Best answer
Units Consumed TUx Marginal Utility
1 200 200
2 390 190
3 570 180
4 740 170
5 900 160

The table shows:
(i) MUn = TU – Tun-1
(ii) TU = ∑MU
= [200 + 190 + 180 + 170 + 160] = 900

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