Answer Happy

James enjoys eating ice-cream cones. The table that follows contains information on James's utility from ice cream (measured in utils). Fill in the t missing utils. Ice Cream (Cones per week) Total Utility (Utils per week) Marginal Utility (Utils per cone) 0 0 1 60 2 3 4 5 6 k) 150 180 200 210 200 240 216 192 60 50 40 ܕ On the following graph, use the orange points (square symbol) to plot James's total utility (TU) curve if he consumes 0, 1, 2, 3, 4, 5, 6, or 7 cones ice cream per week. Line segments will automatically connect the points. Remember to plot from left to right. 20 10 Total Utility
On the following graph, use the orange points (square symbol) to plot James's total utility (TU) curve if he consumes 0, 1, 2, 3, 4, 5, 6, or 7 cones ice cream per week. Line segments will automatically connect the points. Remember to plot from left to right. TOTAL UTILITY (Utils per week) 240 216 192 168 144 120 96 72 48 24 0 1 2 3 5 6 4 ICE CREAM (Cones per week) 7 8 -0- Total Utility On the following graph, use the blue points (circle symbol) to plot James's marginal utility (MU) curve from consuming his first seven cones of ice
On the following graph, use the blue points (circle symbol) to plot James's marginal utility (MU) curve from consuming his first seven cones of ice cream. Line segments will automatically connect the points. Remember to plot from left to right, and to plot between integers. For example, if James marginal utility from increasing his consumption from one cone to two cones of ice cream is X, then you would plot a point at (1.5, X). ? Marginal Utility (Utils per cone) 70 60 50 40 30 20 10 0 -10 0 1 2 6 ICE CREAM (Cones per week) Marginal Utility
Marginal Utility (Utils per cone) 60 50 40 30 20 10 0 -10 0 1 2 3 4 5 6 ICE CREAM (Cones per week) 7 For James, increasing his consumption of ice cream results in Whenever James's marginal utility is negative, his total utility is Marginal Utility marginal utility.