Answer
Option 3
60 utils
==========
MU(n)=TU(n)-TU(n-1)
MU(n)=marginal utility of n th unit
TU(n)=total utility of n units
TU(n-1)= total utility of n-1 units
TU(n)=TU(n-1)+MU(n)
TU(2)=100+75=175
MU(3)=235-175=60
the MU is 60.
Number of Dinners Out per Week Total Utility 100 Marginal Utility 235 250 4. Refer to the figure above. The marginal ut...
Video Games Marginal Utility Total Utility Marginal Utility/Price 140 240 305 350 380 390 Complete each of the tables above. Does Frankie experience diminishing marginal utility with both video games and dinners out? Briefly explain your answer. Find the combination of video games and dinners that maximizes Frankie's utility. Briefly explain how you derived your answer. Marketing Philippines PROBLEM #3 Maxine enjoys video games and going out to dinner. Frankie has a total of $40 to spend on video games...
What’s the Total utility consuming two pizzas per week?
What’s the Total utility consuming six pizzas per week?
What’s the Total utility consuming seven pizzas per week?
What’s the Marginal utility consuming two pizzas per week?
What’s the Marginal utility consuming six pizzas per week?
What’s the Marginal utility consuming seven pizzas per
week
Should you eat that 7th pizza per week? Why?
What’s the optimal amount of pizzas to eat per week?
105 100 90 75 Total Utility 55...
plz all the question and how and why was it solve this way
thanks a lot
5. The following table represents the costs of a price-taking firm that manufactures air conditioners. If the market price of one of its new air conditioners (P) is $105, how many air conditioners must the firm produce per day to maximize profits? (Hint: Use the condition for profit maximization for a perfectly competitive firm). Air conditioners per day Total cost ($ per day) Marginal...
6. Amy has the total utility values given above for DVD rentals a week. Complete the table by calculating her marginal utilities. Quantity (rentals per week) Total utility Marginal utility 0 0 X 1 28 ____ 2 54 ____ 3 78 ____ 4 100 ____ 5 120 ____ 6 138 ____ 7 154 ____
Total Output (week) Labor Input (week) Refer to the above figure. The curve reflects O the law of increasing marginal product in labor. o the law of increasing marginal product in capital. o the law of diminishing marginal product in capital. o the law of diminishing marginal product in labor.
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...
Quantity of Bottles of Soda Total Utility Marginal Utility Quantity of Pizzas Total Utility Marginal Utility 1 16 16 1 30 30 2 30 14 2 46 16 3 42 12 3 61 15 4 52 10 4 75 14 5 60 8 5 88 13 6 66 6 6 100 12 7 70 4 7 111 11 You are deciding how many bottles of soda and pizzas to purchase for an upcoming pizza party. You decide to make a...
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...
Question 32 2 pts Refer to the following figure to answer the following questions: Marginal Utility 0 1 2 3 4 5 6 7 8 9 Number of Cupcakes Total utility is highest at the cupcake. eighth Seventh sixth first ninth
Total utility curve A Units of utility Total utility curve B Total utility curve C 0 2 3 4 5 6 Quantity (tomatoes per month) 11) In the figure above, diminishing marginal utility is shown by A) total utility curve A. B) total utility curve B. C) total utility curve C. D) all three curves. Quantity of Marginal utility from Quantity of Marginal utility from skiing skiing skating skating 50 1 2 40 70 40 30 20 30 10 12)...