Sarah is trying to decide what combination of cups and plates to buy. Her budget is $6. Plates cost $2 each and cups cost $1 each. The numbers in the table represent total utility. Given her budget, which combination will maximize total utility? Utility from Plates Select the correct answer below: 3 plates and 0 cups 2 plates and 2 cups O1 plate and 4 cups 0 plates and 6 cups Quantity Plates Quantity Utility from Cups Cups 1 34 1 10 2 66 2 25 3 88 3 41 4 108 4 54 5 125 5 64 6 141 6 73 FEEDBACK

Q: Price for X is $1 and Y is $2.  Budget is $9.            Good X                Good Y…

A: The utility maximizing level is given as MUx/Px= MUy/Py Good X   Good Y   Quantity MUx/Px…

Q: 5. Explain how consumer equilibrium is reached using marginal utility analysis.

A: In economics, utility is seen as a measure of happiness or satisfaction generated from the…

Q: Fill in the marginal utilities for the table. Marginal utility falls by when the number of movie…

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A: Utility: Utility is the wants satisfying power of a good, which can be measured numerically. It is…

Q: 3. Susan has the following utility function U(x,y) = xy, where x represents food and y represents…

A: *SOLUTION :-  * (3)

Q: 3. Finding the optimal combination of two goods - $2. Suppose that Larry buys Larry enjoys consuming…

A: Marginal utility is the additional utility that a consumer derives while consuming an additional…

Q: Jorge is trying to decide what to eat. If Jorge has $14 to spend, what combination of goods should…

A: The consumer tries to maximize its utility by utilizing all resources (i.e. income). To maximize its…

Q: 5. Product Choices You are trying to figure out what combination of Products A and B to buy, given…

A: The marginal utility refers to the change in the total utility when one additional unit of good is…

Q: Louise's utility over baskets of pounds of Kale (K) and heads of Lettuce (L) is U(K,L) = 50K¹/2L¹2.…

A:

Q: 24. Binita has a limited income and consumes only juice and pasta; her current consumptio hoice is…

A: The utility is maximized where the Budget line of consumer tangents the slope of indifference curve…

Q: Price for good A is $6 and good b is $8.  Budget is $36.            Good A…

A: Consumer equilibrium will be achieved when the consumer will be able to exhaust all his budget.

Q: Question 5 a. The total utility schedule of Sharon is given below for the number of shoes she…

A: Marginal utility refers to the change in total utility due to an addition unit consumed by the…

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Q: 2. Tom spends all his $100 weekly income on two goods, apples and bananas. His utility function is…

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A: Marginal utility (MU) is the concept in economics that shows the additional utility (satisfaction)…

Q: satisfaction that we get from the consumption of goods and services is called utility. Use a utility…

A: Utility graph shows the total utility with the consumption of the units consumed.

Q: Jessica has an income of $216 and she is buying apple cider and books. Apple cider is $8 per unit…

A: Bundle Q(A) MU/$(A) Q(B) MU/$(B) A 0   9   B 3 6.13 8 5.13 C 6 5.38 7 5.21 D 9 4.63 6 5.29…

Q: The table below shows the marginal utility from consuming mini pizzas and sodas. If pizzas and soda…

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Q: Holly will choose a combination of soda and water to buy. She has $12 to spend. Soda cost $3 and…

A:

Q: A consumer is trying to decide between purchasing one smoothie or one cappuccino. They get 30 utils…

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A: What is Utility? Utility is a term used in economics to describe satisfaction or happiness. When…

Q: . Explain utility and its connection to consumer behavior

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Quantity of Quantity of Total Utility Total Utility Soup (cups) Sandwiches 1 40 45 60 2 75 3 72 3…

A: The utility is maximum when the marginal utility per dollar is equal from both goods, marginal…

Q: Price of Can of Beer = $0.50 Cans per Week Price of Slice of Pizza = $1.00 Slices per Week %3D Total…

A: Budget Line 10.5 = 0.5B + P21 = B + 2P (By duviding 0.5) MU = Change in TU/Change in Q

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A: Given,  U= 0.5xy2

Q: Bill gets 100 utils from eating one candy bar per day. He gets 120 utils from eating tw candy bars…

A: Marginal utility is the added satisfaction a consumer gets from having one more unit of a good or…

Q: If Ginna spends her entire budget, she could buy a chosen set of groceries and also buy 10…

A: Given,  Ginna's budget is £150Her preferences are either groceries (G) or notebooks (N)Utility…

Q: The Busto family is allocating its monthly household expenditure between only two goods, food and…

A: Given information: Price of food: $5 per unit Price of clothing: $10 per unit Marginal utility from…

Q: 12. Wayne has $2,000 dollars to spend on Grey Cup football tickets (measured in numbers along the…

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Q: Suppose the marginal utility for a $5 submarine sandwich is 100. In addition, the marginal utility…

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Q: Suppose you have a budget of 30 to spend on two goods: pizzas and burgers. Each pizza is $5 while…

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Q: 6. The table below presents Kent's marginal utility per dollar for books and pizzas. Books cost $16…

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Q: utinty Total Number Consumed Utility 1. 11 3 18 4 24

A: The given table shows relationship between the number of units consumed of candy and total utility…

Q: 4. Liam initially has a weekly allowance of €24 to spend on eggs (at €0.40 per egg) and beans (at…

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Q: Quantity 0 Total Utility 0 Quantity 0 Total Utility 0

A: The additional satisfaction a customer experiences by purchasing one more unit of a good or service…

Q: 26. Danny has $12 to spend on two goods: pies and soda. The price of a pie is $4, and the price of a…

A: Marginal utility is the additional utility that is derived by consuming an additional unit of…

Q: Q.24 Following schedule shows total utility. If the price per unit is 3, then how many units of the…

A: # We know well that a rational consumer would always maximize his satisfaction where his marginal…

Q: A consumer is making purchases of products Alpha and Beta such that the marginal utility of product…

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Q: A consumer who has spent all of her income on clothes and food and finds that her marginal-utility…

A: Answer: A purchasing more clothes and less food