8:35O ll 60%Econ101- Final Written..QUESTION 2Table 1Number ofChocolate Bars per DayTotal UtilityMarginal Utility80150200230102- Refer to the table above,2.a- What is the marginal utility of the second chocolate bar per day? Please calculate. (3 pt)2.b- What is the total utility of five chocolate bars per dayQUESTION 33- You are a firm owner. Your total revenue was 100 TL last year. Your costs for rent andsupplies were 35 TL. To start this business, you invested certain amount of money thatcould bring you a 45 TL as an annual return. If you would work for another company,DONOT CORY3.a- Refer to the statement above. What were your economic costs during the year? Pleasecalculate. (3 pt)3.b- Refer to the statement above. What was your cconomic profit last year? Please calculate.(3 pt)QUESTION 4Table 2TechnologyUnits of CapitalNumber of Employees2.512B1110D1044- Use the information provided in Table 2 above to answer the question(s) that follow.II||

Number of chocolates Total utility Marginal utility 1 80 2 150 3 200 4 230 5…

Table 1 Number of Chocolate Bars per Day Total Utility Marginal Utility 80 2 3. 4 150 200 230 10 2- Refer to the table above, 2.a- What is the marginal utility of the second chocolate bar per day? Please calculate. (3 pt) 2.b- What is the total utility of five chocolate bars per day? (3 pt)

Table 1 Number of Chocolate Bars per Day Total Utility Marginal Utility 80 2 3. 4 150 200 230 10 2- Refer to the table above, 2.a- What is the marginal utility of the second chocolate bar per day? Please calculate. (3 pt) 2.b- What is the total utility of five chocolate bars per day? (3 pt)

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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