Question

The following table shows Ellie's utility from consuming slices of cake and cans of 7-Up. Slices Marginal Utility of from Last Slice Cake Cans of 7-Up Marginal Utility from Last Can UAWNO OU AWNO Price of 7-Up Suppose Ellie has $3 per week to spend on cake and 7-Up and that the price of a slice of cake is $0.50. 1.) Use the point drawing tool to plot Ellie's demand for 7-Up at a price of $1.00. Label this point 'A' 2.) Use the point drawing tool to plot Ellie's demand for 7 - Up at a price of $0.25. Label this point 'B'. 3.) Use the line drawing tool to connect the dots to form Ellie's demand curve. Properly label this line. Quantity of 7-Up Carefully follow the instructions above, and only draw the required objects.

Answer 1

slices of cake Mo Mule Cans of Muhom Mello دل اور میرے سیاسی 120 120 23, 486 answN-o 240 200 160 120 100 80 60 yo 20 1 2 3 4 Go us 30 go 20 40 6 ir o when when Po=1 4 Thus consume 1 4 unit unit of of slici 7-up. when Pe=0.25 Then a unit of seice 4 4 unit of 7-up. Penie t ort Denand Curve 0.50 0.257 B 14,0.25) L o ty ofz-up 1 2 3 4 5 6