The table shows the total utility data for products S and T. Assume that the prices of S and T are $3 and $5, respectively, and that consumer Income is $22.Total UtilityUnits of S1122273ºd$43343Multiple CheiceP$4Which of the following price-quantity schedules would represent the demand for S in the $3 and $4 price range(ə)(c)()P Ra$42314option Coption Eeption A(b)PARE394851Od35Units of T12P543ROADરત23Total Utility2035455052CUIN

The income of the individual is given as $22.The price of S varies between the range of $3 to $4.The…

The table shows the total utility data for products S and T. Assume that the prices of S and T are $3 and $5, respectively, and that consumer Income is $22. Units of S 1 2 3 4 S BAREN P $4 3 Od 3 14 Total Utility 12 27 39 48 51 Multiple Choice Which of the following price-quantity schedules would represent the demand for S in the $3 and $4 price range (ə) (c) () P $4 3 option C colian B aption A (b) SORD Od 3 5 Units of T Total Utility 1 2 3 P $4 3 4 5 Od 2 3 P 34 3 20 35 45 50 52 Rd 2 4

The table shows the total utility data for products S and T. Assume that the prices of S and T are $3 and $5, respectively, and that consumer Income is $22. Units of S 1 2 3 4 S BAREN P $4 3 Od 3 14 Total Utility 12 27 39 48 51 Multiple Choice Which of the following price-quantity schedules would represent the demand for S in the $3 and $4 price range (ə) (c) () P $4 3 option C colian B aption A (b) SORD Od 3 5 Units of T Total Utility 1 2 3 P $4 3 4 5 Od 2 3 P 34 3 20 35 45 50 52 Rd 2 4

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

The table shows the total utility data for products S and T. Assume that the prices of S and T are $3 and $5, respectively, and that consumer Income is $22.
Total Utility
Units of S
1
12
2
27
3
ºd
$43
3
43
Multiple Cheice
P
$4
Which of the following price-quantity schedules would represent the demand for S in the $3 and $4 price range
(ə)
(c)
()
P Ra
$42
3
14
option C
option E
eption A
(b)
PARE
39
48
51
Od
3
5
Units of T
1
2
P
54
3
ROAD
રત
2
3
Total Utility
20
35
45
50
52
CUIN

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