4. The price of Axe is $3 and the price of chalk is $5. If you are an optimizing consumer with a budget of $35 who only spends money on Axe and chalk, then tell how many of each you would buy and what would be your total utility. Show your work. MU of chalk MU of Axe 36 21 32 20 27 18 20 15 15 12 9 9 4 6 1 3 Quantity 1 2 3 4 5 6 7 8 Number of Axe: Number of chalk: Total utility:

Q: The answers you provided are incorrect and incomplete.

A: A perfectly competitive firm is a price taker, which means it takes the price set by the market…

Q: Plan to Save You will need to spend money to achieve most of the long-term goals you set in your…

A: Any expense being incurred by an organization during conducting activities of a business is termed…

Q: heeds to make an additional repair, which will cost another $400, in order to make the guitar worth…

A: here we can find the answer of given question by following method given below;

Q: An agricultural seed company has an inverse demand given by: P = 120 - 2Q, and a cost function given…

A: Note : In case of multiple questions , we answer only the first question.  The answer to your first…

Q: How can the future worth be calculated?

A: The present worth method or the Net present value method is an important method used for determining…

Q: In a company, who gets to determine when and how data should be used?

A: Data refers to individual facts, figures, or bits of information that are often quantitative. A…

Q: Please solve Part G and Part H. Thank you so much!

A: There are two firms in duopolistic market with product differentiation .Demand function for firm i :…

Q: In a business Finance/Budgeting situation, create a budget for month-long vacation trip to Australia…

A: The technique of controlling one's income and expenses in order to meet financial objectives is…

Q: are needs that we learn during our lifetime. Multiple Choice Ethics Ideals Desires Wants Values

A: Individuals tend to have certain needs and want in order to live a life they tend to desire or wish…

Q: Please provide the answer of my question with explanation

A: Regression is a statistical technique used in the fields of finance, investing, and other subjects…

Q: i need help with all of them

A: The government uses price controls to exert direct influence over market prices. It has an impact on…

Q: c) What is the cost of the consumer's original 2018 bundle at the new 2019 prices? How much…

A: Now, the price of food F1= $100  the price of housing increased H1 = $200. the cost of the…

Q: What important informations are required in evaluations?

A: Evaluation can be understood as a systematic and objective assessment of an ongoing or completed…

Q: Connor started with $10 and is saving $2 a week. Carlie started with $16 spending 1 a week. How many…

A: Present worth is a financial concept used to determine the value of future cash flows in today's…

Q: You are looking for a car to lease. Your income is $3,000 per month, and you know that you should…

A: Answer: Given, Monthly income = $3,000 20% of income=3000×2010020% of income=600Total money for car…

Q: A list of references or citations in an article is a good place to look for additional sources. True…

A: References or citations are used to give credit or refer to the source from which information is…

Q: Sasha and Brian just bought their new home, a high-rise condo located downtown. They measured the…

A: Consumer decision making process is that when consumer makes decisions about consumerable like…

Q: High quality information gruarantees that every decisions made will be a successful one that…

A: High-quality information refers to information that is: Accurate Complete Unique Consistent These…

Q: Imagine you are the mayor of a town and you are trying to decide if you should pay for a fireworks…

A: Answer:- (d) The town's citizens were free-riders.

Q: A pharmaceutical corporation has developed a unique new drug, making the company a monopoly. Demand…

A: For a monopoly, profit maximization occurs at the point where MR equals MC

Q: I need to pick an option

A: Human wants are unlimited and resources available in the economy to fulfill these wants are limited.…

Q: When does the money have time value?

A: The concept of the time value of money is based on time preferences and the fact that it can be…

Q: Why is it important to use Cash Flows in Economic Analysis?

A: The cash flow can be defined as the total volume of money which is transferred in and out of…