Q of Beer                             TOTAL UTILITY                         MARGINAL UTILITY

        0                                                               0                                                     ---

        1                                                             50

        2                                                             80

        3                                                            100

        4                                                            110

        5                                                              80
 

1. At what quantity of beer do we observe diminishing marginal utility?
 
 

2. Explain the difference between total and marginal utility.
 
 

3. In your own words, state the "Law of Diminishing Marginal Utility."