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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. 1 Number of Units 1 2 3...
Use the following table to answer the question below. 1 Number of Units 1 2 3 4 5 Total Utility 100 190 270 340 400 450 The addition of which unit has the greatest marginal utility? Multiple Choice < Prev 4 of 20 Nexu The addition of which unit has the greatest marginal utility? Multiple Choice Ο fifth Ο Ο second Ο sixth < Prev 4 of 20
QUESTION 13 Quantity Per Week Total Utility Brook Kate Amy 100 5.0 9.9 147 190 no...
QUESTION 13 Quantity Per Week Total Utility Brook Kate Amy 100 5.0 9.9 147 190 no GN- 400 450 600 1200 1800 2400 3000 3600 4200 4800 5400 32.9 425 575 900 1275 1770 372 520 510 Refer to the above table. Brook's utility schedule shows initially decreasing marginal utility and then increasing marginal utility. increasing marginal utility throughout her entire schedule. Initially increasing marginal utility and then decreasing marginal utility. diminishing marginal utility throughout her entire schedule. QUESTION 14...
1) Fill in the missing information in the table below. Total Marginal Utility Number of Pretzels...
1) Fill in the missing information in the table below. Total Marginal Utility Number of Pretzels Total Utility Marginal Utility Number of Cookies 0 1 Utility 0 0 O 10 25 15 10 2 3. 18 24 55 55 50 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...
Use the following table to answer questions 10 – 13: # Units Produced Total Revenue Total...
Use the following table to answer questions 10 – 13: # Units Produced Total Revenue Total Costs 0 0 0 1 100 50 2 180 110 3 250 180 4 290 270 5 310 380 10. What is the marginal revenue of producing the 2nd unit? a) 50. b) 70. c) 90. d) 80. 11. What is the marginal cost of producing the 4th unit? a) 270. b) 110. c) 50. d) 90. 12. At what level of output does...
QUESTION 6 Total Utility from Y 85 130 160 185 200 210 215 Total Utility from...
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...
The table given below records the total utility derived from the consumption of avocados. Table 1...
The table given below records the total utility derived from the consumption of avocados. Table 1 Number of Avocados Total Utility (Utils) 1 2 84 88 88 3 5 79 1. According to Table 1. marginal utility a. increases from the first unit to the third unit and then declines b. decreases from the third unit to the fifth unit only c. increases from the first unit to the third unit and decreases from the third unit to the fifth...
ources Points out of 5.00 Below is a table containing data on the utility Bob receives...
ources Points out of 5.00 Below is a table containing data on the utility Bob receives from eating burgers and fries. The prices for burgers and fries are located in the table. Note prices are different!! Assume Bob's income is 1= $24.00! Complete the table and use to answer the questions below. Flag question Burgers $6.00 per unit Quantity Total Utility A Tot utils / Quant-MU MU per dollar Spent on burgers N- 00 00 French Fries $3.00 Quantity Total...
Use the table below to answer the following question.
Use the table below to answer the following question.What is the marginal cost of producing the third unit of output? What is the average variable cost at an output level of three units? What is the average total cost at an output level of three units?
# Use the following table to answer questions 18 through 19 Number of bananas Total utility...
# Use the following table to answer questions 18 through 19 Number of bananas Total utility $0.30 0.45 0.55 0.63 0.70 18. Suppose the table above show the total utility a consumer can get from buying and eating bananas. How much is his marginal utility from consuming the 3rd banana. A. $0.45 B. $0.20 C. $0.15 D. $0.10 5 19. If the market price of banana is $0.08 each, based on the optimal decision rule, how many bananas should he...
Use the table below to answer the following question. Market Price Units 1 Maximum Willingness to...
Use the table below to answer the following question. Market Price Units 1 Maximum Willingness to Pay $14 12 10 00 00 2 3 اور یہ اس ام | 00 00 = 00 |o What is the value of consumer surplus in the table above? Multiple Choice 0 $54 0 $44 0 $12 0 $6
Use the following table to answer the question below. 1 Number of Units 1 2 3 4 5 Total Utility 100 190 270 340 400 450 The addition of which unit has the greatest marginal utility? Multiple Choice < Prev 4 of 20 Nexu The addition of which unit has the greatest marginal utility? Multiple Choice Ο fifth Ο Ο second Ο sixth < Prev 4 of 20
QUESTION 13 Quantity Per Week Total Utility Brook Kate Amy 100 5.0 9.9 147 190 no GN- 400 450 600 1200 1800 2400 3000 3600 4200 4800 5400 32.9 425 575 900 1275 1770 372 520 510 Refer to the above table. Brook's utility schedule shows initially decreasing marginal utility and then increasing marginal utility. increasing marginal utility throughout her entire schedule. Initially increasing marginal utility and then decreasing marginal utility. diminishing marginal utility throughout her entire schedule. QUESTION 14...
1) Fill in the missing information in the table below. Total Marginal Utility Number of Pretzels Total Utility Marginal Utility Number of Cookies 0 1 Utility 0 0 O 10 25 15 10 2 3. 18 24 55 55 50 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...
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...
The table given below records the total utility derived from the consumption of avocados. Table 1 Number of Avocados Total Utility (Utils) 1 2 84 88 88 3 5 79 1. According to Table 1. marginal utility a. increases from the first unit to the third unit and then declines b. decreases from the third unit to the fifth unit only c. increases from the first unit to the third unit and decreases from the third unit to the fifth...
ources Points out of 5.00 Below is a table containing data on the utility Bob receives from eating burgers and fries. The prices for burgers and fries are located in the table. Note prices are different!! Assume Bob's income is 1= $24.00! Complete the table and use to answer the questions below. Flag question Burgers $6.00 per unit Quantity Total Utility A Tot utils / Quant-MU MU per dollar Spent on burgers N- 00 00 French Fries $3.00 Quantity Total...
Use the table below to answer the following question.What is the marginal cost of producing the third unit of output? What is the average variable cost at an output level of three units? What is the average total cost at an output level of three units?
# Use the following table to answer questions 18 through 19 Number of bananas Total utility $0.30 0.45 0.55 0.63 0.70 18. Suppose the table above show the total utility a consumer can get from buying and eating bananas. How much is his marginal utility from consuming the 3rd banana. A. $0.45 B. $0.20 C. $0.15 D. $0.10 5 19. If the market price of banana is $0.08 each, based on the optimal decision rule, how many bananas should he...
Use the table below to answer the following question. Market Price Units 1 Maximum Willingness to Pay $14 12 10 00 00 2 3 اور یہ اس ام | 00 00 = 00 |o What is the value of consumer surplus in the table above? Multiple Choice 0 $54 0 $44 0 $12 0 $6
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