Ahmed consumes 7 cookies. The marginal utility of the first cookie is 25 utils; of the second, 20 utils; of the third, 17 utils; of the fourth, 12 utils; of the fifth, 5 utils; of the sixth, 0 utils; and of the seventh, -5 utils. When he consumes these 7 cookies, his total utility from cookies is:             45 utils             0 utils             74 utils             79 utils             84 utils

Q: 6. The law of diminishing marginal utility can be stated as follows: a. as the amount of a good…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: QUESTION 6 following table by filling the missing blanks The following table displays the utility of…

A:

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

A: The law of diminishing marginal utility basically refers that as consumption increases, the marginal…

Q: Fill in the marginal utilities for the table. Marginal utility falls by when the number of movie…

A: The utility gained from consuming an additional unit is referred to as marginal utility. Total…

Q: he following table shows Linda's utility from drinking coffee and eating cake. The price of coffee…

A: The Law of Diminishing Marginal Utility refers to the decrease in additional utility when more and…

Q: Quanity Utility from Video Games Utility from Novels Marginal Utilty  Video Games Marginal…

A: Utility: Utility is the wants satisfying power of a good, which can be measured numerically. It is…

Q: Q2. You drink only Coffee or Orange juice Price of Coffee Marginal Utility of Coffee (for (dollars…

A: Part a) MU per dollar for coffee = MU of coffee / price of coffee = 60/3= 20.

Q: 3. Finding the optimal combination of two goods - $2. Suppose that Larry buys Larry enjoys consuming…

A: Marginal utility is the additional utility that a consumer derives while consuming an additional…

Q: Suppose a consumer has a fixed amount to spend each week on iTunes songs ($1 each) and movies ($6…

A: Utility refers to the benefit a consumer obtains from the consumption of the commodity. Total…

Q: Andrea has a budget of £21 to spend on toothbrushes and tooth paste. He does not receive any utility…

A: Utility refers to the total amount of satisfaction that derived from the consumption of goods and…

Q: 1. Based on the table below describe Marginal Utility and Diminishing Marginal Utility? What happens…

A: The utility is a term that is used to measure satisfaction or happiness in terms of economics. There…

Q: s Dr. Gonzalez drinks five beers, his total utility rises from 5 to 45 when he drinks one beer. His…

A: Marginal utility is the utility gained by consuming one extra unit of a good. Given  Dr. Gonzalez's…

Q: Question 5 a. The total utility schedule of Sharon is given below for the number of shoes she…

A: Marginal utility refers to the change in total utility due to an addition unit consumed by the…

Q: 2. Maria likes to have one cup of coffee (x) and two slices of bread (y) each morning. Which of the…

A: A utility function:The utility function is a function that shows the preferences of the consumers,…

Q: If you have Marginal utility of 2 with a Total utility equals to 56, then when marginal utility is…

A: Marginal utility refers to change in total utility with respect to change in output.

Q: 1. A consumer has an income of $3024 to spend each day. The only two goods the consumer is…

A: Marginal utility is the additional fulfillment a shopper gets from having another unit of a decent…

Q: 3. Given the following box, calculate marginal utility. Plot total and marginal utility. Units of…

A: marginal utility measures the additional utility attained when an additional unit is consumed.

Q: The table below shows the amount of total utility Cal gets from playing his favorite video game…

A: Marginal utility can be defined as the additional utility that a consumer would get by consuming…

Q: The table shows Jill’s utility schedule for pancakes and coffee   # pancakes total utility from…

A: Total Utility is the amount of overall satisfaction or the fulfillment received by a consumer with…

Q: Price of Can of Beer = $0.50 Cans per Week Price of Slice of Pizza = $1.00 Slices per Week %3D Total…

A: Budget Line 10.5 = 0.5B + P21 = B + 2P (By duviding 0.5) MU = Change in TU/Change in Q

Q: QUESTION 12 The relationship between the marginal utility that George gets from eating a bag of…

A: MU(Marginal Utility) is the change in TU(Total Utility) when an additional unit of the product is…

Q: 2. Calculate the Marginal Utility for good X when the quantity is equal to 5. (C=) * 60 90 40 53

A: Marginal utility for good X (MUX) is the addition to the total utility (TUX) when the quantity (Q)…

Q: Question 8 Total Utility Oranges Marginal Utility Total Utility Oranges Marginal Utility Lemons…

A: Marginal utility refers to an additional utility with one more unit of good or service consumed.

Q: Ice Cream Utility (IC) Marginal Marginal Cannoli Utility (IC) Utility/ Utility (C) Marginal Marginal…

A: TU is the overall satisfaction that a consumer derives from consuming a certain quantity(Q) of…

Q: Consumer spends $450 per week on two goods, X and Y. PX= $5 and PY=$3. His utility function is U=…

A: Given,  U= 0.5xy2

Q: Question 5 The following schedules show the amounts of additional satisfaction (marginal utility)…

A: Unit of X TU MU MU/$2 Unit of Y TU MU MU/$4 0 0     -     - 0 0    -    - 1 20 20-0 =20 20/2…

Q: The table below shows the total utility from consuming different amounts of Grapefruits. Use the…

A: Total Utility is the total satisfaction that is derived from consumption of the goods that the…

Q: spends all of her income on two goods, coffee and doughnuts. She buys coffee at 25 cents per unit…

A: Total utility is the sum of all the utilities derived from the consumption of a good. Whereas, the…

Q: Multiple Choice 15. 10

A: Utility is a measure of the satisfaction derived from consuming some good or service. Marginal…

Q: A consumer downloads 3 movies and 4 apps per week. Suppose the price is $2 per movie and $2 per app,…

A: Given: Marginal utility per Movie = 6 Price per movie = $2 Marginal utility per app = 8 Price per…

Q: Quantity of C Refer to the budget line shown in the diagram. Which of the following combinations of…

A: The budget constraint represents all the combinations of the goods and services that the consumer…

Q: 42.Jacob works while sipping mugs of green herbal tea. He does, however, know that after the fifth…

A: The answer is as follows:-

Q: Are You are you maximizing utility? A. not maximizing utility because the marginal utility of movies…

A: Marginal utility is the benefit that a consumer gains from acquiring another unit of a good or…

Q: 9. Refer to the following table to ANSWER the following question: The marginal utility of the third…

A: Utility refers to the satisfaction or happiness that a consumer get form the consumption of a goods…

Q: xplain the difference between marginal utility and total utility

A: Utility is a term referring to the overall satisfaction obtained from consuming a good or service.

Q: utinty Total Number Consumed Utility 1. 11 3 18 4 24

A: The given table shows relationship between the number of units consumed of candy and total utility…

Q: 4. Liam initially has a weekly allowance of €24 to spend on eggs (at €0.40 per egg) and beans (at…

A: Liam will only consume 4 eggs with each tin of beans. This denotes that Liam considers eggs and tin…

Q: O D. The marginal utility of the 80th unit is less than that of the 120th because the graph…

A: Utility is the satisfaction level which is measured in utils derived from the consumption and it…

Q: Quantity 0 Total Utility 0 Quantity 0 Total Utility 0

A: The additional satisfaction a customer experiences by purchasing one more unit of a good or service…

Q: Mylie's total utility from singing the same song over and over is 70 utils after one repetition, 110…

A: To find total utility, we find the difference in two successive TU for each additional repetition.…

Q: Her marginal utility is maximized ___.

A: Marginal utility is the change in total utility due to consumption of an additional unit of the…