Describe how the marginal utility graphs for the hamburgers and milkshakes would compare for the \ data in the table. Be sure to note whether the slope of each graph would be positive or negative, whether it would approximate a curve or a straight line, and if either graph is steeper
What will be an ideal response?
The marginal utility graph for both would be negative because the marginal utility per hamburger and the marginal utility per milkshake both decrease as the quantity consumed increases. Both graphs would also approximate a curve because the change in marginal utility is not constant as the quantity consumed increases; for both graphs, the change is greater between the first two units consumed than between the last two units consumed. In addition, because the overall change in the marginal utility of hamburgers is greater than the change in the marginal utility of milkshakes, the hamburger curve would be steeper than the milkshake curve.
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