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Draw graphs showing margo utility from music

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Margo buys music CDs and movies on DVDs. The table below shows her total utility from each good. Quantity (per year) Utility from CDs (units) Utility from DVDs (units) 0 0 0 1 50 70 2 92 130 3 126 180 4 152 220 5 170 250

a) Draw graphs showing Margo's utility from music CDs and from movies on DVDs.

b) Compare the two utility graphs. Describe Margo's preferences.

c) Draw graphs that show Margo's marginal utility from music CDs and from movies on DVDs.

Reference no: EM132500456

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