ECON - Task 3 Graph the total and marginal utility functions Task 4 Isolating the properties of the utility function What happens to marginal

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Microeconomics   Handout: The Utility Function Utility Data Q U(X) U'(X) -------------------- 0 50 2 80 3 100 4 110 5 5 6 110 ------------------- Task 1: Complete the table. Task 2: Label and scales the axes of the graphs.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Task 3: Graph the total and marginal utility functions. Task 4: Isolating the properties of the utility function. What happens to marginal utility when total utility rises? What happens to marginal utility when total utility falls?...
View Full Document

This note was uploaded on 01/29/2012 for the course ECON 202 taught by Professor Ito during the Spring '11 term at Seattle Central Community College.

Ask a homework question - tutors are online