1.Assume that you have total utility of 0,50,80,95and 95 when you consume zero to 4 units of ice-cream cones. Please say how many ice-creamcones which maximize your utility using marginalutility, marginal net utility and total net utilityconcepts.Unit price of ice-cream cone is $15.

In retail, unit price is the price for a single unit of measure of a product sold in more or less…

ume that you have tot a utlity 95 nd 95 when you consume zero to 4 units of ice- eam cones. Please say how many ice-cream nes which maximize your utility using margina ility, marginal net utility and total net utility ncepts.Unit price of ice-cream cone is $15.

ume that you have tot a utlity 95 nd 95 when you consume zero to 4 units of ice- eam cones. Please say how many ice-cream nes which maximize your utility using margina ility, marginal net utility and total net utility ncepts.Unit price of ice-cream cone is $15.

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

1.Assume that you have total utility of 0,50,80,95
and 95 when you consume zero to 4 units of ice-
cream cones. Please say how many ice-cream
cones which maximize your utility using marginal
utility, marginal net utility and total net utility
concepts.Unit price of ice-cream cone is $15.

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