The following graph shows three possible indifference curves (I) for a consumer. DONUTS D E B CAKE 1. Refer to Figure 21-7. When comparing bundle B to bundle C, the consumer O a. prefers bundle B because it contains more donuts. O b. is indifferent between the two bundles. Oc. prefers bundle C because it contains more cake. Od. In order to compare bundle B to bundle C, we must know the prices of cake and donuts.

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Can you help me answer these 2 questions

A consumer’s preferences between goods x and y are representedby the utility function u(x, y) = 2min{x, y}+10. Suppose this consumer hasincome of $16, the price of good x is $3 and the price of good y is $1. Suppose the price of good x increases to $7 while the price of good y andthe consumer’s income stay constant. Calculate the magnitudes of the compensating and the equivalent variations. Explain what each measures.

-uppose John is currently at point A on the indifference curve to the right. If he moves to point B, en A. the level of utility remains constant because the marginal utility of pizza increases and the marginal utility of Pepsi decreases. OB. the level of utility increases because the marginal utility of pizza increases. OC. the level of utility remains constant because the marginal utility of pizza decreases and the marginal utility of Pepsi increases. OD. the level of utility decreases because the marginal utility of Pepsi decreases. Pepsi (bottles per week) B Pizza (slices per week)

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Please see below. I just need help with the one I got incorrect which is the a graph.

Assume Pat spends all of her allowance to purchase 4 apples and 4 candy bars. Pat's marginal utility of the fourth apple is 20 utils, and her marginal utility of the fourth candy bar is 40 utils. If an apple costs $1.00 and a candy bar $0.50, to maximize utility Pat should(A) purchase more apples and more candy bars(B) maintain the current purchase of 4 apples and 4 candy bars(C) purchase more apples and fewer candy bars(D) purchase fewer apples and more candy bars(E) purchase fewer apples and fewer candy bars

Suppose that the following utility function is given (x,Y) xY. Which of the following is correct? OYis a good and X is a bad and indifference curve is positively sloped. X is a good and Y is a bad and indifference curve is negatively sloped. O Both X and Y are bads and indifference curve is negatively sloped. Both X and Y are goods and indifference curve is negatively sloped

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