given the following informationon quantity consumed of cheese and total utility for Carl answer the following can you please help to check my answer. thanks qty (in oz) tu mu 1 50 0 2 70 20 3 85 15 4 95 10 5 90 5 a) what is the marginal for each addtion ounce of cheese - see above b) at a price of $16 an ounce, how many ounces of caviar should carl purchase to optimize his satisfaction? my answer 2 c) what is his conusmer surplus at this optimal level of consumption? (can you help me solve this I see too many diffrence equation for this very confuse)
given the following informationon quantity consumed of cheese and total utility for Carl answer the following
can you please help to check my answer. thanks
qty (in oz) tu mu
1 50 0
2 70 20
3 85 15
4 95 10
5 90 5
a) what is the marginal for each addtion ounce of cheese - see above
b) at a
c) what is his conusmer surplus at this optimal level of consumption? (can you help me solve this I see too many diffrence equation for this very confuse)
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