empts per question. dit for incorrect days late for no Your are considering whether to go out to dinner at a restaurant with your friend. The meal is expected to cost $40, you typically leave a 20% tip, and an Uber will cost you $5 to get there. (Your friend will bring you home.) You value the restaurant meal at $20. You enjoy your friend's company and are willing to pay just to spend an evening with her. If you did not go out to the $30 restaurant, you would eat at home, using groceries that cost $8.

What factors commonly influence a person’s daily buying choices? Select one of these and explain how one might counteract this influence to improve purchasing behavior.

Describe several ways in which consumers are less than free in making choices about which products to purchase.

Scott loves to go to baseball games, especially home games of the Cincinnati Reds. All else equal, he likes to sit close to the field. He also like to get to the stadium early to watch batting practice. The close to the stadium he parks, the more batting practice he's able to watch (the garages all open simultaneously). Parking Location Westin Parking garage Fountain Square South Garage West River Parking East River Parking Under Stadium Parking Parking fee (game night) $5 $10 $17 $25 $45 Missed batting practice Westin Parking garage Fountain Square South Garage West River Parking O East River Parking ○ Under Stadium Parking 60 min 50 min 25 min 10 min O min Benefit of arrival time $0 $10 $35 $25 $60 Using the information in the Table above, Scott's optimal parking garage is should park). (hint: use marginal analysis to determine where Scott

Elapsed time (in minutes) 30 60 90 120 150 Total utility of playing video games 20 45 63 78 83 Total utility of swimming 40 62 72 76 76 Jenny spends an average of $3 each hour she plays video games. What is her marginal utility per dollar for the second half hour?

Alda is willing to pay $2,000 to visit her favoritecousin over spring break. A month ago, she bookeda trip costing $1,200. Spring break has arrived, butAlda needs one day to finish an important paperbefore she goes. Alda could cancel her trip and geta refund of $800. Or, she could pay an additional$1,000 (on top of the $1,200 she already paid) torebook the trip for two days later. Explain whatAlda should do.

What are the 4 forms of utility? And explain what each one is.

Home Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $103 for the skirt: Travel Time Each Way (Minutes) Store 15 Local Department Store 30 Across Town 60 Neighboring City Marked-up price Juanita's office Price of a Skirt (Dollars per skirt) 103 85 63 Discounted price Original price C C O Ⓒ

through 6. Elapsed time (in minutes) 30 60 90 120 150 Total utility of playing video games 20 45 63 78 83 Answer here 1 Total utility of swimming 40 22666 72 76 76 Jenny spends an average of $3 each hour she plays video games. What is her marginal utility per dollar for the second half hour?

Jayden's grandmother gives him $240$⁢240 each month, which he spends on pizzas and burgers. Usually, he buys 44 pizzas for $180$⁢180 and spends the remaining $60$⁢60 on 44 burgers. However, the price of 11 pizza has increased by $5$⁢5; the price of a burger has not changed. Now, Jayden will buy only 33 pizzas per month.Calculate how many burgers Jayden can afford to buy if he still wants to spend all the money. If necessary, round any intermediate calculations to two decimal places. For your final answer, write the exact value; do not round.