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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Question

Column Column2 Column3 Column Columns Columns Column7 Column Column9 Column10
income
=$32
Beer and Steak Medallions Number 1
You are given the data in the table below. First complete the table knowing the prices are:
Price of beer = $4.00
Price of steak -56
O
Quantity TU
N
Beer
O
32
60
124
132
Pb-54
MU
24
20
MU/P
Steak
medalion Pum-56
Quantity TU
7
a
186
228
306
MU
72
60
36
24
MU/P
Pom-$10
MU/P

a.beer and steak medallions that maximizes his utility he will reach
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

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