Problems spaces in the table, Total utility (utils), Marginal utility (utils) 100 1st 2nd 3rd 146...

Question

Question

Answer 1

Answer #1

aluutan Totelutility n-1」 utll L0o 46 28 160 146 2

If the solution helped, please give it a thumbs up. Thank you.

Answer 2

Similar Homework Help Questions

5. Fill in the blank spaces in the table. Number of hours Total benefits Marginal benefits...

5. Fill in the blank spaces in the table. Number of hours Total benefits Marginal benefits 100 178 210 playing baseball (in utils)(in utils) 2
Table 4-3 Marko's Polos Marginal Cost (dollars) $7 10 - 1st shirt 2nd shirt 3rd shirt...

Table 4-3 Marko's Polos Marginal Cost (dollars) $7 10 - 1st shirt 2nd shirt 3rd shirt 4th shirt 15 20 Refer to Table 4-3. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $30, producer surplus is 0 $0. O $16. O $52. O $68.
Your marginal utility for consuming a can of Reese's smoked oysters is 28 utils and your...

Your marginal utility for consuming a can of Reese's smoked oysters is 28 utils and your marginal utility of consuming an order of French fries is 15 utils. whereas, a bag of fries costs $1.50. 5. A can of oysters cost $3, Are you maximizing your utility at the above consumption point? Why or why not? Why is the important part of answering this question. a. Given your answer in part a, how should you change consumption (if it should...

Your marginal utility for consuming a can of Reese's smoked oysters is 28 utils and your...

Your marginal utility for consuming a can of Reese's smoked oysters is 28 utils and your marginal utility of consuming an order of French fries is 15 utils. A can of oysters cost $3, whereas, a bag of fries costs $1.50. 5. Are you maximizing your utility at the above consumption point? Why or why not? Why is the important part of answering this question. a. Given your answer in part a, how should you change consumption (if it should...
Use the following table to answer the question below. Number of Units Total Utility 100 190 270 340 4 400 450 What is t...

Use the following table to answer the question below. Number of Units Total Utility 100 190 270 340 4 400 450 What is the marginal utility of the second unit? Multiple Choice 0 190 utils 0 95 utils 0 90 utils 0 47.5 utils
Table 1 - Total Utility of Hypothetical Individual for Goods X and Y nits Total Utility...

Table 1 - Total Utility of Hypothetical Individual for Goods X and Y nits Total Utility from Marginal Utility from X Total Utility from Y Marginal Utility from Y (TU), -1.5 utils (TU)y 2.75 utils (TU)y 3.5 utils (TU)y 3.75 utils 1 (TU)x 11 2 utils (TU)x -3.5 utils 3 (TU)x 4.5 utils 4(TUx 5 utils 1. Arrive at the marginal utilities for good X and good Y 2. Find consumer equilibrium when M-3s, p, and p,-0.5 y and draw...

2. Total and marginal utility Sean enjoys eating ice cream cones. The following table contains information...

2. Total and marginal utility Sean enjoys eating ice cream cones. The following table contains information on Sean's utility from ice cream each week. Fill in the two missing cells of the table. Ice Cream Total Utility Marginal Utility (Cones) (Utils) (Utils per cone) 12 10 8 12 2 4 5 6 30 36 40 42 4 2 On the following graph, use the purple points (diamonds symbol) to plot Sean's total utility (TU) curve if he consumes zero, one,...
Number of Dinners Out per Week Total Utility 100 Marginal Utility 235 250 4. Refer to the figure above. The marginal ut...

Number of Dinners Out per Week Total Utility 100 Marginal Utility 235 250 4. Refer to the figure above. The marginal utility of the 3rd dinner is 160 75 60 135
Fill in the table below by calculating the marginal utility and marginal utility per dollar for...

Fill in the table below by calculating the marginal utility and marginal utility per dollar for the given data. Input your answers in the corresponding spaces that follow. Price = 17 Units Total Utility Marginal Utility (MU) Marginal Utility per dollar 0 0 1 283 2 449 3 499 Error in inputting table. required to answer marginal utility and marginal utility per dollar for each unit. (0-3)

2. Total and marginal utility Cho enjoys buying shoes. The following table contains information on Cho's...

2. Total and marginal utility Cho enjoys buying shoes. The following table contains information on Cho's utility from shoes each month. Fill in the two missing cells of the table. Total Utility Marginal Utility Shoes (Pairs) (Utils) (Utils per pair) 0 0 35 1 35 3а 2 25 3 90 4 110 15 5 125 10 6 135 On the following graph, use the purple points (diamonds symbol) to plot Cho's total utility (TU) curve if she consumes zen one,...