Bob Toshida has the demand schedule for dress shirts shown in the table below. Fill in the missing columns in the table and then answer the questions below. A) What would his total utility from three shirts be? B) What would his marginal utility from the fourth shirt be? C) if the price were $3, what would his consumer surplus be? Quantity Marginal Utility Total Utility Price Demanded $15 $12 2. $49 $6 $ 2 5.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Bob Toshida has the demand schedule for dress shirts shown in the table below. Fill in the missing columns in the table and then answer the questions
below.
A) What would his total utility from three shirts be?
B) What would his marginal utility from the fourth shirt be?
C) if the price were $3, what would his consumer surplus be?
Total
Quantity Marginal
Utility
Price Demanded
Utility
$15
$12
$ 9
$ 6
$ 2
5.
Short Answer
Toobar.nvigation
BIYS
A
Transcribed Image Text:Bob Toshida has the demand schedule for dress shirts shown in the table below. Fill in the missing columns in the table and then answer the questions below. A) What would his total utility from three shirts be? B) What would his marginal utility from the fourth shirt be? C) if the price were $3, what would his consumer surplus be? Total Quantity Marginal Utility Price Demanded Utility $15 $12 $ 9 $ 6 $ 2 5. Short Answer Toobar.nvigation BIYS A
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