The table below represents a travellers's consumption of bottles of Coca-Cola. Study the table carefully and answer the questions that follow. No. of Bottle...
Question 1 Report
The table below represents a travellers's consumption of bottles of Coca-Cola. Study the table carefully and answer the questions that follow.
| No. of Bottles | Total Utility | Marginal Utility |
| 1 | 15 | 15 |
| 2 | 29 | F |
| 3 | 42 | 13 |
| 4 | D | 12 |
| 5 | 65 | G |
| 6 | 75 | H |
| 7 | E | 0 |
(a) Complete the missing figures D, E, F, G and H (5 marks)
(b) Draw the demand curve for the traveler's consumption of Coca-Cola. (The use of a graph sheet is essential) [10 marks]
(c) Explain the law of diminishing marginal utility as the basis for the slope of the traveler's demand curve. [5 marks]
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