1-4  Suppose the price of a sweater is $25. Matthew’s total benefit from purchasing each additional sweater is given in the table below. If Matthew is behaving rationally, how many sweaters will he purchase?   Draw a graph of the total benefit and marginal benefit schedule.?

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Q: MUA =z = 30 - 4x MUB = z = 20 - 5y, where z is marginal utility per dollar measured in utils, x is…

A: Given that, MUA = z = 30-4x MUB = z=20-5y Consumer income =$7 Budget constraints ; x+y = 7 At…

Q: 23

A: It clarifies why a buyer's interest bend slants descending. Assuming the cost of decent falls, the…

Q: 4. If TC = 12q can produce and stay below our budget? (Excel) 12q? +32q + 32 and have a budget of…

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Q: 1 The Law of Diminishing Utility: For example, I consume too many apples. Until I eat the fifth one,…

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