Column Column2 Column3 Column Columns Columns Column7 Column Column9 Column10income=$32Beer and Steak Medallions Number 1You are given the data in the table below. First complete the table knowing the prices are:Price of beer = $4.00Price of steak -56OQuantity TUNBeerO3260124132Pb-54MU2420MU/PSteakmedalion Pum-56Quantity TU7a186228306MU72603624MU/PPom-$10MU/P a.beer and steak medallions that maximizes his utility he will reacha level of total utility (TU) equal to_------- (numeric answer) utils.b. Look at the demand curve you have drawn depicting Moe'sdemand for steak medallions. When the price of steak medallions is$6he is able and willing to buy-- (numeric answer) steakmedallions.c. Look at the demand curve you have drawn depicting Moe'sdemand for steak medallions. When the price of steak medallions is$10he is able and willing to buy--(numeric answer) cteak medallions.I need help with the questions not the table. thank you

Demand is defined as the desire and ability to pay for individuals at various prices at a given…

a level of total utility (TU) equal to_---- (numeric answer) utils. b. Look at the demand curve you have drawn depicting Moe's demand for steak medallions. When the price of steak medallions is $6 he is able and willing to buy--- (numeric answer) steak medallions. c. Look at the demand curve you have drawn depicting Moe's demand for steak medallions. When the price of steak medallions is $10 he is able and willing to buy--(numeric answer) cteak medallions I need help with the questions not the table. thank you

a level of total utility (TU) equal to_---- (numeric answer) utils. b. Look at the demand curve you have drawn depicting Moe's demand for steak medallions. When the price of steak medallions is $6 he is able and willing to buy--- (numeric answer) steak medallions. c. Look at the demand curve you have drawn depicting Moe's demand for steak medallions. When the price of steak medallions is $10 he is able and willing to buy--(numeric answer) cteak medallions I need help with the questions not the table. thank you

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Gabriella obtains utility from consuming granola bars and cappuccino. The following table shows the total utility (TU) she obtains from consuming different amounts of the two goods. The price of a granola bar is $3 and the price of a cup of cappuccino is $2. She has allocated $9 to spend on granola bars and cappuccino. 1. Complete the table by calculating the marginal utility (MU) and the MU per dollar spent on each granola bar and cup of cappuccino. 2. What is Gabriella’s optimal consumption bundle of granola bars and cups of cappuccino?
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