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Author Question: The table below shows how the total utility that Alan derives from watching basketball games changes ... (Read 201 times)

EY67

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on: Jun 29, 2018
The table below shows how the total utility that Alan derives from watching basketball games changes as he watches more and more games each week:
 
  Basketball Games Total Utility Marginal Utility
  1 55
  2 85
  3 110
  4 130
  5 145
  6 155
  Fill in the table above. Do the numbers in the table support the law of diminishing marginal utility? Explain.

Question 2

Which of the following is an advantage of starting a new business as a corporation?
 
  A) ease in setting up B) low expenses of legally organizing
  C) double taxation D) greater ability to raise funds
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chjcharjto14

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Yes, the numbers in the table show diminishing marginal utility. Marginal utility falls as each additional basketball game is watched.
Basketball Games Total Utility Marginal Utility
1 55 55
2 85 30
3 110 25
4 130 20
5 145 15
6 155 10

Answer to Question 2

D


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