THE FOLLOWING TABLE SHOWS THE TOTAL UTILITY GAINED FROM THE CONSUMPTION OFFANTA LEMON IN A WEEK.LEFT IS QUANTITY AND RIGHT IS TOTAL UTILITY1-202-353-454-535-586-587-48 1. CALCULATE THE MARGINAL UTILITY. WHAT DO YOU OBSERVE?2. SKETCH THE TOTAL UTILITY AND MARGINAL UTILITY CURVES.3. IF THE PRICE OF FANTA LEMON INCREASES FROM RS.8 TO RS.10, HOW WILL ITAFFECT ITS CONSUMPTION?EXPLAIN YOUR ANSWER USING THE DATA ABOVE.

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THE FOLLOWING TABLE SHOWS THE TOTAL UTILITY GAINED FROM THE
CONSUMPTION OFFANTA LEMON IN A WEEK.LEFT IS QUANTITY AND RIGHT IS
TOTAL UTILITY1-202-353-454-535-586-587-48
1. CALCULATE THE MARGINAL UTILITY. WHAT DO YOU OBSERVE?2. SKETCH THE
TOTAL UTILITY AND MARGINAL UTILITY CURVES.3. IF THE PRICE OF FANTA
LEMON INCREASES FROM RS.8 TO RS.10, HOW WILL ITAFFECT ITS
CONSUMPTION?EXPLAIN YOUR ANSWER USING THE DATA ABOVE.

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