Answer to Question #191567 in Macroeconomics for Nlexit

Question

Puja likes strawberries and total utility derived by her from

consumption of strawberries is given in the following table. Analyse

the consumption of the number of strawberries if the per piece price of

strawberry is Rs.30.

Strawberry

(no. of piece) 1 2 3 4 5 6

Total Utility (Rs) 70 125 170 210 240 250

Answer 1

The Tabular representation of Total utility is-

The per piece price of strawberry is Rs 30. So Marginal utility of the consumption is shown in the above table.

The marginal utility keeps on decreasing as the number of units of strawberry increasing. Whereas total utility increases.