Potatoes cost Janice $1.00 per pound, and she has $6.00 that she could possibly spend on potatoes or other items. If she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30, how many pounds of potatoes will she purchase? What if she only had $3.00 to spend?

Q: Explain what the utility maximizing choice means. Discuss how you could use marginal utility to…

A: Utility is characterised as the whole satisfaction a customer experiences when utilising a good or…

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: True or False: The opportunity cost of an additional can of cat food, in terms of other consumption…

A: A budget constraint represents all the combinations of goods and services that a consumer may…

Q: Peter and Cindy each had some money at first. Peter started spending $1.20 daily. After 15 days,…

A: money spent by Peter daily = $1.20 money spent by Cindy = 5/3 * 1.20 = $2

Q: Answers are A and B, D and E, E and F, F and H, or H and I

A: The indifference curve depicts the combination of two goods that derives the same level of utility…

Q: Daniel Jones thought he was getting his girlfriend the best surprise Valentine’s Day gift ever. He…

A: The question states that Jones , in an attempt to surprise his girlfriend bought concert tickets of…

Q: what are four goods and services that people consumed on an average day

A: The ultimate good that a company makes and sells to the customer is referred to as a consumer good.…

Q: When Amanda wakes up in the morning, she will either purchase Timbits (T) or a bagel (B). This is…

A: * ANSWR :-

Q: The graph says: Clothing (units per week) 16 14 12 10 4 4 N T N Food (units per week)

A: Opportunity cost is a fundamental concept in economics that refers to the value of the next best…

Q: Economics affects nearly everything we do in some way. Someone else has produced most items we…

A: According to economists, the pricing of some goods/products is extremely/highly inelastic. That is,…

Q: Suppose the government is trying to determine how to deal with pesticide contamination of its water…

A: Government has two alternatives to deal with contamination -# Municipal Treatment Plant :  Initial…

Q: You have £20 per week to spend, and two possible uses for this money: telephoning friends back home,…

A:

Q: Jill took ​$40,000 that she had in savings and started her own business. If left in​ investments,…

A: Economic profit: Economic profit is a profit that considers the opportunity cost in order to…

Q: Kimiko is planning a party to celebrate her birthday. She has decided to serve sushi and yakitori…

A: ***Since the following question have not been provided, hence, the expert is required to solve only…

Q: To celebrate a big achievement of mine, I invited friends to my house for a party. Now, I am…

A: Given: Price of the bottle = $2 Price(P) and Quantity (Q) are: P1 = 1, P2 = 5 Q1 = 100, Q2 =200…

Q: Goods that can be used to replace one another are called What?

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: evi offered to sell his car to Evan for $5,000 cash. Evan responded to Levi's offer by saying: "I…

A: In contract law, a binding agreement is formed when there is an offer, acceptance of that offer, and…

Q: Jack paid $13.75 to buy 3 slices of pizza and 4 hot dogs at a concession stand. Sarah paid $9.75 to…

A: A system of equations is frequently used in economics to model and examine different economic…

Q: How do I graph the amount of fertilizer that needs to be added to an acre of land and the amount of…

A: A graph is a visual representation of information that is used to show the relationship or pattern…

Q: Juanita makes $16 an hour at work. She has to take time off work to purchase her skirt, so each hour…

A: Answer is given below

Q: Saving equals Group of answer choices Y - C. Y - I. Inventory changes. Y - G

A: The fraction of money left over after paying for current expenses is what is saved. In other words,…

Q: Why would someone disagree with your preferred preference?

A: Preferences refer to an individual's or society's subjective rankings or choices regarding various…

Q: Suppose you have a choice of working full-time during the summer or going full-time to summer…

A: Suppose you have a choice of working full-time during the summer or going full-time to summer…

Q: Katic is planning to sell her house, and she is considering making two upgrades to the house before…

A: Cost means the value of goods and services in terms of money.

Q: Now suppose that your grandmother gives you six CDs for Christmas. This means that you can now…

A: The income level is given at $200 and the price level of both goods CDs and Clothing have a price…

Q: Suppose a market basket consists of 5 pencils, 2 erasers, and 1 calculator. What is the value of…

A: Given :  Number of things in a market basket :  5 Pencils 2 Erasers 1 Calculator

Q: After grauating with a BBA in Economics, Dwight is considering going to college to get a Ph. D. in…

A: Explicit cost is the cost which is actually incurred by the firm, during production. The firm adds…

Q: Suppose you go to Trader Joe's to buy fruit for the week. You only like apples (A) and bananas (B)…

A: Preference is over apples and bananas.Income = $11Price of Apples = $1 Price of Bananas = 0.25 We…

Q: Explain complex economic concepts to a reporter through an email pitch.

A: Hi [Reporter's Name],I hope this message finds you well. I would love to discuss two key economic…

Q: Mr. Diether and Ms. Christine are both in the show business industry. Mr. Deither is a photographer…

A: From the above question, it is concluded that Ms. Christine has no contribution to Mr. Deither's…

Q: Write an introduction and conculsion to this essay?

A: Economic reforms are planned adjustments and actions taken by governments to enhance the efficiency…

Q: How about for number 14

A: Equilibrium is where the demand curve intersects the supply curve.  The exchange rate shows the…

Q: *7. Leon is a rock climbing enthusiast, and is considering getting a membership at a new rock…

A: Total cost is the sum of fixed and variable costs. Marginal cost is the change in total cost from…

Q: utility maximisation

A: The usefulness or enjoyment that a consumer can derive from a service or good is referred to as…

Q: en pieces of lemon can produce (1)/(4) cup of juice. How much lemon juice could you expect to obtain…

A: 10 Lemon produce = 1/4 juice A box of lemon contains 85 lemons

Q: Can you answer me as soon as possible urgent . In early April, Mr Chan went for a five-day trip in…

A: Answer a.  The purpose of travel of Mr Chan is to explore Singapore in five days and to visit only…

Q: Bread is always a consumer goods  True/False

A: A good being produced by a business and being bought by a consumer as a final good is known as…

Q: *Make a response,question, or clarification for that opinion

A: The consumer is an individual that buys the products and services from the seller in the market.

Q: Suppose a consumer wants to buy a new house and has a budget of 50 million. The consumer cares only…

A: Budget Constraint is defined as the total amount of goods and services that can be purchased with…

Q: Imagine a very small economy in which there are only four people and only one product. William is…

A: An individual will only buy the product if the price of the product is equal to or less than the…