"B"
No, he is not mazimising his utilty at the maximum utility level for $1 he will get 100 utils, right now he should increase the taco consumption.
Elumepage urme 200 meetings" section of the Week 11 module. D Question 1 5 pts Carl...
Please help with these questions
Question 11 0.8 pts The point at which a certain combination of two goods yields the most utility is the maximization point interference point. balance point intersection curve Oindifference point Question 12 0.8 pts Someone who is not a "morning person" is often heard saying, "l'm cranky until I've had a cup of coffee." After that first cup of coffee (and a mood improvement), the person experiences the uncommon phenomenon of That is, of course,...
QUESTION 6 Total Utility from Y 85 130 160 185 200 210 215 Total Utility from X 24 Quan 56 74 80 84 Refer to the table above. Given that the price of good X is $2 per unit, the price of good Y is $5 per unit, and that the consumer spends a total of $44 on both goods, what is the total utility associated with the utility-maximizing combination? A 280 B. 294 C. 172 D.We don't have enough...
QUESTION 11 Scenario 1: Tom's budget constraint is given by PxX +PyY = 40, and Px= $5, Py = $4. Suppose Tom's utility function is given by the equation U= 2XY, where is the level of utility measured in utils and X and Y refert good X and good Y, respectively. You are also told that the marginal utility of good X can be expressed as MUX = 2Y; and the marginal utility of good Y can be expressed as...
D Question 1 1 pts Consider the market for raspberries in Australia. Which of the following would most likely lead to a decrease in demand O A decrease in the price of gooseberries, a substitute for raspberries. An increase in the price of blueberries, a complement for raspberries A decrease in income if raspberries are an inferior good. O A severe frost that destroys most of the Tasmanian raspberry crop. Both a and b are correct. DI Question 2 1...
Question 9 1 pts Logan Roy is spending all his money income by buying mineral water and popcorn. At his current consumption level, the marginal utility of mineral water is 70 and the marginal utility of popcorn is 60. The price of a bottle of mineral water is $2.00 and the price of a box of popcorn is $1.50. The utility-maximizing rule suggests that Logan should: O Increase consumption of popcorn and increase consumption of mineral water Decrease consumption of...