Q. 4. Observe the given table and answer thequestions:Unit of a commodity TU units MU units11153154415514-11) Draw total utility curve and marginal utilitycurve.2) a) When total utility is maximum marginalutility is Ob) When total utility falls, marginal utilitybecomes|2) Observe the given diagram and answer th4 /5following questions :D. DD.P.-DQQQQuantity Demanded in kgs1) Rightward shift in demand curve2) Leftward shift in demand curve3) Price remains..........4) Increase and decrease in demand comesunder. .Price in ? Huzurpaga English medium School and Junior College.Laxmi RoadSubject : EconomicsTerm-1Total-50 MarkQ.1A) Complete the correlation.(3 marks)1. Microeconomics : Slicing methodMacroeconomics:2. Pen and ink :Tea and coffee: Substitutes.3. Demand curve: DownwardSupply curve:Q.1.B) Match the correct pairs.( 4 marks)А.В1. Time utility.a. Transport.2 Place utility.b.Blood Bank.3. Service utility. c. Mobile phone.4. Knowledge utility d. Doctor.Q.1.C) Complete the following statements.(3 marks)1. The branch of economics that deals with the allocation of resourcesa) microeconomics .b) macroeconomicsc) econometrics.d) none of these.2. The relationship between income and demand for inferior good isa) directb) inversec) no effectd) can be direct and inverse.3. Demand curve is parallel to X axis in case ofa) perfectly elastic demandb)perfectly inelastic demandc) relatively elastic demandd) relatively inelastic demand.Q.2.A) Identify and explain the concepts from the given illustrations (any 2)(4 marks)1. Gauri collected the information about the income of a particular firm.2. Ramesh decided to take all decisions related to production, such asand how to produce?3. Salma purchased sweater for her father in winter season .Q.2.B)Distinguish between (any two)(4 marks)1. Desire and Demand.2. Stock and Supply.3.. Expansion of Supply and Increase in Supply .Q.3. answer the following questions (any 2)(8 marks)1. Explain the features of Micro economics.2. Types of of elasticity of demand.3. Variation in supply.Q.4. State with reason whether you agree or disagree with the following statements (any 2)marks)(81. Scope of micro economic is unlimited.2. Price is the only determinant of demand.3. Macro economics is different from micro economicsQ.5 Observe the following table, graph , diagram and answer the following questions (any 2)(8 marks)

When total utility is maximum, marginal utility is zero When total utility falls, marginal. Utility…

Q. 4. Observe the given table and answer the questions: Unit of a commodity TU units MU units 1 6 2 11 5 3 15 4 4 15 5 14 -1 1) Draw total utility curve and marginal utility curve. 2) a) When total utility is maximum marginal utility is[ b) When total utility falls, marginal utility becomes

Q. 4. Observe the given table and answer the questions: Unit of a commodity TU units MU units 1 6 2 11 5 3 15 4 4 15 5 14 -1 1) Draw total utility curve and marginal utility curve. 2) a) When total utility is maximum marginal utility is[ b) When total utility falls, marginal utility becomes

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 16 The first slice of pizza yields Ali 18 units of utility and the second yields him an additional 12 units of utility. His total utility from three slices is 38 units of utility. The marginal utility of the third slice is: 26 units of utility. 8 units of utility. 38 units of utility. 6 units of utility.
ECON Questions 5, 6, 7, and 8 How to solve and answer these economics questions showed in the screenshot?
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4. Suppose that a consumer with the utility function U =X0.25 Y0.75 choses a bundle where X=5 and Y=10. If the prices of the two goods are Px= $1, and Py = $3. Calculate marginal utility per dollar spent on each good. Can this consumer increase utility without increasing expenditure and if so how?