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Assume the Utility Janet Obtains from Consuming Apples Is Given

question 26

Essay

Assume the utility Janet obtains from consuming apples is given in the table below.  Number of apples  Total utility  Marginal Utility 1772136318542245253627272818280927110252\begin{array} { c c c } \hline \text { Number of apples } & \text { Total utility } & \text { Marginal Utility } \\\hline 1 & 7 & 7 \\2 & 13 & 6 \\3 & 18 & 5 \\4 & 22 & 4 \\5 & 25 & 3 \\6 & 27 & 2 \\7 & 28 & 1 \\8 & 28 & 0 \\9 & 27 & - 1 \\10 & 25 & - 2 \\\hline\end{array} (a) At what point does diminishing marginal utility set in?
(b) If apples were freely given away at zero cost, how many apples would she choose to consume?
(c) If Janet is at her level of maximum utility from apple consumption, what will happen to her level of utility if she consumes an additional apple?


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