Question

Currently, Bart buy 2 magazines and 5 comic books each month. How will his demand for comic books change if his income increases? (1 pt.) 5. Lisa increases the number of concerts she attends. (2 pts.) 6. Will her total utility increase or decrease? a. b. Will her marginal utility increase or decrease? I

Answer 1

as we know Income and demand has direct relation t ship. So as income increases, alamand for goodle eind sevices also increase accondlingly so here also in this question of Bat's Income increase his demand for comic boons will also increase 6 a) f Lisa increases the number of concents the themale, her total utility will increase or decres depending on her marginal wility of her manganal cility is dedining and avenage uticity is increasing hen total weity will increase at an Anore declining nate. when manginal utility is Zero total wility is maumen and when marginal circity is meganie total wheity declines, so Liede total cility will change acconding to her marginal wilty - 6) As cue know manginal utility is declining celich means cuth inonease in consumption of addons hal umts manginal Mility decling So here as Lisa anoneases the no. of concerts han managinal cility will decline