You Have Determined That the Following Utility Values Can Be

question 15

Essay

You have determined that the following utility values can be obtained by reading your Economics book. $$\begin{array} { | c | c | c | } \hline \text { Number of Chapters } & \text { Total Utility } & \text { Marginal Utility } \\\hline 0 & 0 & \\\hline 1 & 2 & \\\hline 2 & 4 & \\\hline 3 & 6 & \\\hline 4 & 8 & \\\hline 5 & 10 & \\\hline 6 & 12 & \\\hline\end{array}$$ (a) Compute marginal utility.
(b) Does the example illustrate the principle of diminishing marginal utility? Explain.

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