(f) What is his total utility for earplugs and other things if the price of earplugs is $80? (g) Utility decreases by $80. when the price changes from $50 to (h) What is the change in (net) consumer's surplus when the price changes from $50 to $80?

(f) What is his total utility for earplugs and other things if the price of earplugs is $80? (g) Utility decreases by $80. when the price changes from $50 to (h) What is the change in (net) consumer's surplus when the price changes from $50 to $80?

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

(f) What is his total utility for earplugs and other things if the price of
earplugs is $80?
(g) Utility decreases by
$80.
when the price changes from $50 to
(h) What is the change in (net) consumer's surplus when the price changes
from $50 to $80?_

14.3 (0) Quasimodo consumes earplugs and other things. His utility
function for earplugs x and money to spend on other goods y is given by
u(x, y) = 100x
x²
+y.
2

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