Q3. Is it possible for marginal utility to be negative while total utility is positive? If...
Question 21 (3 points) If total utility is unchanged, then marginal utility is A) positive. B) zero. C) increasing. D) negative.
Q) If total utility declines, can a marginal utility be positive? Explain your answer. Would be greatly be appreciated if answered in 5 sentences and by your own,
Q3: a. Consider a Cobb-Douglas Utility Function Find marginal utility of Y. Does marginal utility of depend on the level of consumption of X? how do you know? Explain b. Find slope of the indifference curve. c. Find MRS and draw the indifference curve for above function.
Q5. Suppose that marginal
utility of Good X = 100, the price X is $10 per unit, and the price
of Y is $5 per unit. Assuming that the consumer is in equilibrium
and is consuming both X and Y, what must the marginal utility of Y
be?
P12. The following tables
illustrate Eileen’s utilities from watching first-run movies in a
theater and from renting movies from a video store. Suppose that
she has a monthly movie budget of $36,...
Diminishing Marginal Utility I. TOTAL AND MARGINAL UTILITY DE UTILITY CALCULATIONS Total Utility Quantity Consumed Total Utility Marginal Utility 10 2 3 4 5 6 0 1 Marginal Utility Quantity Consumed 10 Prev 1 of 3 Score answer >
Number of Cookies Total Utility Marginal Utility Number of Pretzels Total Utility Marginal Utility 30 30 Hide commants V 2) Suppose you have a budget of $8 and cookies and pretzels cost $1 each. What is the utility maximizing combination of cookies and pretzels? How much total utility does the consumer receive? 3) Suppose the price of cookies rises to $1.50, and the price of pretzels remains the same. What is the new utility maximizing combination of cookies and pretzels?...
For a monopolist, if marginal revenue is $40, total revenue is decreasing negative zero Positive Increasing
IGH A Number ofice IB Total Utility Mangal Ver C D Marginal Marginal Utility Utility from last per price M E Number of cams of Coca Cola Total Utility from Coca Cola Utility per price Marginal Utility per price MU. Coca Cola P PUS1.00 P P2.00 - PL P-5200 0 0 - - 140 2702 3 903 4 106 5 114 16 118 0 0 140 70 90 4 105 111 6 113 Assume that the price of Piz is...
Units Consumed Total Utility Marginal Utility 11. Refer to data above. Fill in the numerical value using W,Y, and Y and compute Marginal utility values. To identify where marginal utility becomes negative beginning with the: A. first unit. B. second unit. C. third unit. D. fourth unit.
Pats total utility after eating 99 reeses peanut butter cups was greater than his total utility after eating 100 Reeses Peanut butter cups. Therefore Pats marginal utility from the 100the peanut butter cups was. Positive but less than one Positive but less than his marginal utlity for the 99th peanut butter cup Zero Negative