Examlex

Solved

Given the Information in the Table Below,find the Marginal Utility

question 66

Essay

Given the information in the table below,find the marginal utility and the total utility.
 Price  Quantity Demanded  Marginal Utility  Total Utility $301$252$203$154$105\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \\\hline \$ 30 & 1 & & \\\hline \$ 25 & 2 & & \\\hline \$ 20 & 3 & & \\\hline \$ 15 & 4 & & \\\hline \$ 10 & 5 & & \\\hline\end{array}


Definitions:

Heterotrophic

An organism that obtains its energy and carbon by consuming other organisms, unable to produce its own food.

Autotrophic

Organisms capable of synthesizing their own food from inorganic substances using light or chemical energy.

Parasitic

Pertaining to organisms that live on or in a host organism and cause harm to their host.

Extreme Environments

Environments with conditions that are challenging to most life forms, such as extreme temperatures, pressures, or chemical concentrations.

Related Questions