Using the information given in the following table:

i. Draw demand and supply curve
ii. Determine equilibrium price and quantity
iii. Determine shortage and surplus at price 1 and 3 respectively
 

Using the information given in the following table:

i. Find marginal utility for each unit of consumption
ii. Draw total utility curve and marginal utility curve
iii. Explain the shape of total utility curve and marginal utility curve

Diagrammatically explain the concept of consumer's surplus. Explain the problems of measuring consumer's surplus.