The Total Inequality Of Candy Bars

Decent Essays
The table in problem #2 is basically showing in the start when there is 0 number of candy bars consumed, the total utility is zero. This means that an individual gets no benefit when 0 number of candy bars are consumed. As the quantity of candy bars increase, from 1-7 units, the total utility also increases, from 7-28 utils. This means that when a candy bar is added to the quantity of candy bars consumed per day, the total benefit a person gets from each additional candy bar increases. When the quantity of candy bars reach to 8 units, the total utility remains the same as when an individual consumes 7 candy bars. This means that the total utility received by the individual from consuming the candy bars has reached a maximum and the marginal

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