Complete the charts. Think about a favorite thing you often buy or enjoy. It could be a favorite food, a favorite place to visit, a type of event, or something you make as part of a hobby. As part of this review, you will create a chart (just like the examples of total and marginal utility) showcasing the favorite item. Include the following information: ● how many you purchase or consume in the course of a day, week, or month (your choice) • marginal utility of additional "consumptions" ● the total utility of all "consumptions" Let's assume that the largest utility you get from any one item is 20. Make it as interesting as you can by considering something that is important to you. 3) ● ● Quantity 0 1 . 234 Now, draw two graphs and identify these four points for consideration: • Identify the y-axis (units). Identify the x-axis (quantity). Properly identify the curve at its end point. This is where marginal utility reaches 0. Identify the subject of each graph-one of total utility and one of marginal utility. Show the chart and graphs to your teacher. Total Utility 0 Marginal Utility 0/n. . . 4) Identify the x-axis (quantity). Properly identify the curve at its end point. This is where marginal utility reaches 0. Identify the subject of each graph-one of total utility and one of marginal utility. Show the chart and graphs to your teacher. Units of Total Utility Units of Marginal Utility 40 30 20 10 40 30 20 10 0 0 1 1 2 2 apewers 3 3 4 4 10 5 5 I

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