The given Table displays how much of total utility (TU) Ahmad derives from total number of scoops of ice cream consumed. Based on the given data,...
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Q. The given Table displays how much of total utility (TU) Ahmad derives from total number of scoops of ice cream consumed. Based on the given data, calculate marginal utility (MU) derived from the consumption of each additional scoop of ice cream. Also, plot this data to show graphically the "Law of Diminishing Marginal Utility".image.png

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mARGINAL UTILITY.PNGTOTAL UTILITY.PNGMARGINAL UTILITY CALCULATIONS.PNG

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