Eighth 350a. Plot Brett’s total utility on a scale diagram, with utils on
the vertical axis and the number of avocados (per month)
on the horizontal axis.
b. Compute the marginal utility for each avocado and fill in
the table.
c. Plot the marginal utility on a scale diagram, with utils on
the vertical axis and the number of avocados (per month)
on the horizontal axis. (Make sure to plot marginal utility
at the midpoints between units.)
d. Explain why it is reasonable that Brett’s utility increases
by smaller and smaller amounts for each successive
avocado consumed.
12. In each of the cases listed below, identify whether Claudia’s
expenditure on each product should rise or fall in order to
maximize her utility.
Case Price
of X
($)Marginal Utility
of X (units of
utility)Price
of Y
($)Marginal
Utility of
(units of
utility)