When you golf you receive 18 units of pleasure from the first hole and on each hole thereafter your pleasure drops by one unit so that the 17th hole gives you 17 units of pleasure etc. If you play 5 holes and the rain hits so that you quit playing, what is the total pleasure, the average pleasure and the marginal pleasure experienced at the last hole played? Answer this with numerical answers and then graph the story.

What will be an ideal response?


The total pleasure is 80, the marginal pleasure is 14, and the average pleasure is 16. On a graph with pleasure on the vertical axis and holes played on the horizontal axis, the pleasure line begins at 18 pleasure and 1 hole. It has a slope of -1 so at 5 holes the area under the dotted lines is the total pleasure. The marginal pleasure is the area under the fifth hole played and the average is the total pleasure divided by 5 holes. It is easy to see that average pleasure does not relate to any given hole.

Economics

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