Answer Happy

Laurent enjoys drinking milk. The table that follows contains information on Laurent's utility from milk (measured in utils). Fill in the three missing utils. Milk (Glasses per day) Total Utility (Utils per day) Marginal Utility (Utils per glass) 0 30 120 0 1 2 3 4 5 108 75 90 100 105 100 30 25 20 On the following graph, use the orange points (square symbol) to plot Laurent's total utility (TU) curve if he consumes 0, 1, 2, 3, 4, 5, 6, or 7 glasse of milk per day. Line segments will automatically connect the points. Remember to plot from left to right. | ₁5 | ₁²

120 108 96 g N TOTAL UTILITY (Utils per day) 60 48 36 24 12 0 2 MILK (Glasses per day) 0 Total Utility On the following graph, use the blue points (circle symbol) to plot Laurent's marginal utility (MU) curve from consuming his first seven glasses of milk Line segments will automatically connect the points. Remember to plot from left to right, and to plot between integers. For example, if Laurent's marginal utility from increasing his consumption from one glass to two glasses of milk is X, then you would plot a point at (1.5, X). ?

Marginal Utility (Utils per glass) 35 30 25 20 15 10 O 1 2 3 5 MILK (Glasses per day) 6 For Laurent, increasing his consumption of milk results in 8 Whenever Laurent's marginal utility is positive, his total utility curve is Marginal Utility marginal utility.