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The document shows a consumer's total, marginal, and average utility from consuming different quantities of chocolate bars. As the number of chocolate bars consumed increases from 0 to 7, total utility increases but at a decreasing rate, while marginal utility decreases and average utility also decreases after 4 bars.

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Kim Flores
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96 views

Ibt Comp

The document shows a consumer's total, marginal, and average utility from consuming different quantities of chocolate bars. As the number of chocolate bars consumed increases from 0 to 7, total utility increases but at a decreasing rate, while marginal utility decreases and average utility also decreases after 4 bars.

Uploaded by

Kim Flores
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Chocolate bars consumed Total Utility Marginal utility Average utility

0 0 ∞ 0
1 10 10 10
2 18 8 9
3 24 5 8
4 28 4 7
5 30 2 6
6 30 0 5
7 28 -2 4.45
3.25

24-18 6 total addtional satisfaction

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