(Solved): Diminishing Marginal Utility TOTAL AND MARGINAL UTILITY Quantity Consumed Instructions: Move the ...

Diminishing Marginal Utility TOTAL AND MARGINAL UTILITY Quantity Consumed Instructions: Move the slider at the bottom of the diagram to change the quantity consumed for all the available quantities on the total utility and marginal utility graphs. a) What is the total utility of the first unit consumed? utils. b) What is the marginal utility of the first unit? utils. c) What is the total utility of the first two units consumed? utils. d) What is the marginal utility of the second unit? utils. e) As the quantity consumed increases, the total utility is while marginal utility is f) If this good is available for $$\$0$$ (a free good), what is the maximum amount an individual would consume? units. What is the marginal utility of this last unit? utils.