Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. Fill in the blanks in the table belowQuantity of TotalHamburgers UtilityMarginalUtilityper Week Hamburgers Hamburgers14060762345691NSS401610Quantityof Moviesper Week23456TotalUtilityMoviesOC. 254007008509501,025MarginalUtilityMovies400300O1005025Assume the price of a hamburger is $2 and the price of a movie is $5, and the consumer's income is $29 If the consumer is in equilibrium, what is the marginal utildyper last dollar spent on movies and hamburgers?OA. 10OB. 20OD. 50

The optimum is at the point where the margjnal utility per dollar of the two good are equal.Marginal…

Assume the price of a hamburger is $2 and the price of a movie is $5, and the consumer's income is $29. If the consumer is in equilibrium, what is the marginal utildy per last dollar spent on movies and hamburgers? OA 10 OB. 20 OC. 25 OD. 50

Assume the price of a hamburger is $2 and the price of a movie is $5, and the consumer's income is $29. If the consumer is in equilibrium, what is the marginal utildy per last dollar spent on movies and hamburgers? OA 10 OB. 20 OC. 25 OD. 50

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

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Answer completely.
You will get up vote for sure.

Fill in the blanks in the table below
Quantity of Total
Hamburgers Utility
Marginal
Utility
per Week Hamburgers Hamburgers
1
40
60
76
2
3
4
5
6
91
NSS
40
16
10
Quantity
of Movies
per Week
2
3
4
5
6
Total
Utility
Movies
OC. 25
400
700
850
950
1,025
Marginal
Utility
Movies
400
300
O
100
50
25
Assume the price of a hamburger is $2 and the price of a movie is $5, and the consumer's income is $29 If the consumer is in equilibrium, what is the marginal utildy
per last dollar spent on movies and hamburgers?
OA. 10
OB. 20
OD. 50

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