Question

Draw a marginal utility curve corresponding to the total utility curve depicted in Problem 20-9.

Short answer

a marginal utility curve corresponding to the total utility curve has been drawn.

Step-by-step solution

Given Information

Marginal utility is the additional fulfilment a shopper gets from having another unit of a decent or administration. The idea of marginal utility is utilized by financial analysts to decide the amount of a thing buyers will buy. The law of decreasing marginal utility is frequently used to legitimize moderate charges.

Explanation

We know,

Marginal utility is calculated by

$\text{Marginal Utility}=\frac{\text{Change in No, of Units Consumed}}{\text{Change in Total Utility}}=\frac{∆T}{∆Q}$

We get the table,

Drawing the graph from the values we have,