Question 3Quantity Total Utility Marginal Utility1503203.45045205506.5504308300The above table shows Kenzi's Total Utility for Enfamil. Atub of Enfamil costs $4,000.Required:(a) Copy and complete the above table.(b) If Kenzie has an income of $80,000 anu she wishes toadd cereal to her consumption What is the scope of thebudget line if a tin of cereal costs $400. Draw the budgetline to explain your calculations.(e) Based on the graph below what is consumer surplus forEnfamil if buyers are WTP $3,000 per tin?Enfamil Demand Curve5500500045004000350030002500200015001000500Quantity5.

"Since you have asked multiple parts, we will answer only the first part for you. If you have any…

Answered: 150 320 3. 450 4 520 5 550 550 7. 430 8…

150 320 3. 450 4 520 5 550 550 7. 430 8 300 The above table shows Kenzi's Total Utility for Enfamil. A tub of Enfamil costs $4,000. Required: (a) Copy and complete the above table.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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