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Question
Quantity Per Week | Total Utility | |||
| Amy | Robert | David | Michelle | |
| 0 | 0 | 0 | 0 | 0 |
| 1 | 5.0 | 100 | 600 | 60 |
| 2 | 9.9 | 190 | 1200 | 130 |
| 3 | 14.7 | 270 | 1800 | 220 |
| 4 | 19.4 | 340 | 2400 | 310 |
| 5 | 24.0 | 400 | 3000 | 425 |
| 6 | 28.5 | 450 | 3600 | 575 |
| 7 | 32.9 | 490 | 4200 | 900 |
| 8 | 37.2 | 520 | 4800 | 1275 |
| 9 | 41.4 | 510 | 5400 | 1770 |
Refer to the above table. Robertʹs utility schedule shows
A) diminishing marginal utility throughout the entire schedule.
B) initially increasing marginal utility and then decreasing marginal utility.
C) initially decreasing marginal utility and then increasing marginal utility.
D) increasing marginal utility throughout the entire schedule.
Answer
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