You lost me at the third orange. Try the Prokoviev opera.
http://www.youtube.com/watch?v=obTZBHAuOqY&feature=related
H.W. = homework?
M. U. = marginal utility?
If this is how economics is taught nowdays, no wonder the world is in such a mess.
Bundle** Oranges/Week ** Total Utility
A 0 50
B 1 80
C 2 100
D 3 115
E 4 125
F 5 133
G 6 139
H 7 144
I 8 146
J 9 147
K 10 147
L 11 147
M 12 147
N 20 147
From the above table draw TU curve and MU curve find MU when using the fourth
oranges, then derive the demand line
1 answer
1 answer