The following table shows Ellie's utility from consuming slices of pie and cans of Dr. Pepper. 5- 4.5- Marginal Utility from Last Slice Marginal Utility from Slices Cans of of 4- Pie Dr. Pepper Last Can 3.5- 120 1 120 3- 100 60 80 45 2.5- 60 4 30 40 5 20 2- 20 15 1.5- Suppose Ellie has $3 per week to spend on pie and Dr. Pepper and that the price of a slice of pie is $0.50. 1- 0.5- 1.) Use the point drawing tool to plot Ellie's demand for Dr. Pepper at a price of $0.50. Label this point 'A'. 0+ Quantity of Dr. Pepper 2.) Use the point drawing tool to plot Ellie's demand for Dr. Pepper at a price of $1.00. Label this point 'B'. 3.) Use the line drawing tool to connect the dots to form Ellie's demand curve. Properly label this line. Carefully follow the instructions above, and only draw the 에으12345 6 Price of Dr. Pepper
The following table shows Ellie's utility from consuming slices of pie and cans of Dr. Pepper. 5- 4.5- Marginal Utility from Last Slice Marginal Utility from Slices Cans of of 4- Pie Dr. Pepper Last Can 3.5- 120 1 120 3- 100 60 80 45 2.5- 60 4 30 40 5 20 2- 20 15 1.5- Suppose Ellie has $3 per week to spend on pie and Dr. Pepper and that the price of a slice of pie is $0.50. 1- 0.5- 1.) Use the point drawing tool to plot Ellie's demand for Dr. Pepper at a price of $0.50. Label this point 'A'. 0+ Quantity of Dr. Pepper 2.) Use the point drawing tool to plot Ellie's demand for Dr. Pepper at a price of $1.00. Label this point 'B'. 3.) Use the line drawing tool to connect the dots to form Ellie's demand curve. Properly label this line. Carefully follow the instructions above, and only draw the 에으12345 6 Price of Dr. Pepper
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The following table shows Ellie's utility from consuming
slices of pie and cans of Dr. Pepper.
5-
4.5-
Slices
Marginal Utility
Cans
Marginal
Utility from
of
from Last Slice
of
4-
Pie
Dr. Pepper
Last Can
3.5-
1
120
1
120
2
100
2
60
80
45
2.5-
4
60
4
30
2-
40
5
20
6.
20
15
1.5-
Suppose Ellie has $3 per week to spend on pie and
Dr. Pepper and that the price of a slice of pie is $0.50.
1-
0.5-
1.) Use the point drawing tool to plot Ellie's demand for
Dr. Pepper at a price of $0.50. Label this point 'A'.
0-
2
3
4
Quantity of Dr. Pepper
2.) Use the point drawing tool to plot Ellie's demand for
Dr. Pepper at a price of $1.00. Label this point 'B'.
3.) Use the line drawing tool to connect the dots to form
Ellie's demand curve. Properly label this line.
Carefully follow the instructions above, and only draw the
required objects.
Price of Dr. Pepper
3-
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