What is the total utility at 4 units and the marginal utility when Jenna goes from consuming three units to four units pears? Quantity Marginal Utility 1 35 2 25 3 15 4 10 5 0 6 -5 Group of answer choices Total utility = 85 ; Marginal Utility = 10 Total utility = 85 ; Marginal Utility = 15 Total utility = 75 ; Marginal Utility = 10
Q: Which of the following is an example of a macroeconomic indicator? A) The price of a specific…
A: Macroeconomic indicators are statistical data that provide insights into the overall performance of…
Q: If the MPC = 3/5, then the government purchases multiplier is 5/3 5/2 5 1.5
A: Macroeconomics examines the working, composition, and dynamics of an economy. To comprehend and…
Q: Use the table to answer the question. The table shows the demand schedule for tickets to watch…
A: An oligopoly is a form of market structure with a few large firms that have a significant control…
Q: PRICE (Dolars per box) As with individual points, the control points that define a line can be…
A: The green line (triangle symbol) should be placed directly on top of the solid line labeled "Line 1"…
Q: Household Table 2: UK Alcohol Expenditure and Price, and UK Income Year UK expenditure on Tobacco UK…
A: Consumer theory: It examines how individual decides to distribute their resources, such as income,…
Q: what is the elasticity of demand?
A: Total Revenue is defined as the total earnings from the sale of the output produced. Total Revenue…
Q: Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care…
A: The objective of the question is to understand the implications of the given situation on the number…
Q: Hi hlo Expert pro Hand written solution is not allowed.
A: Answers:1. One reason why the cost curves shown in the graph would shift from AVC1 to AVC2, ATC1 to…
Q: None
A: Detailed explanation:Here is the new AA-DD diagram with the weaker volume effects:
Q: A monopolist earns $40 million annually and will maintain that level of profit indefinitely,…
A: Monopolistic competition is a marketplace shape that combines the features of each monopoly and…
Q: please show steps on financail calculator if possible? The real risk-free rate is 3.25%. Inflation…
A: Step 1:Yield = Real risk free rate + Inflation premium + Maturity Risk Premium{Inflation Premium is…
Q: None
A: Present Value of the Annuity: The present value of the annual benefit ($8,000) Here are the…
Q: UNITS OF VARIABLE TOTAL MARGINAL AVERAGE PRICE OF INPUT PRODUCT PRODUCT PRODUCT INPUT TOTAL VARIABLE…
A: f. The relationship between marginal product and marginal costMarginal product is the additional…
Q: (Table: Labor Force Data) Use Table: Labor Force Data. Suppose the labor force participation rate is…
A: The given labor(L) force data are mentioned in the below table-Total population millionPopulation…
Q: 3. Assume ao =0 and w, w+&, where & are independent, identically distributed shocks that take value…
A: A utility function represents a mathematical representation of an individual's preferences over…
Q: = 3.2 Now consider the production function of an additional product, electrical generators, de-…
A: As mentioned in the question, parts 3.2 and 3.3 are solved.In economics, a production function is a…
Q: Quantify the effects of a country’s tariff on sugar Situation with import tariff…
A: The objective of this question is to understand the impact of removing a tariff on sugar in a…
Q: None
A: Total utility is the total satisfaction that the consumer derives from consumption of goods.Marginal…
Q: FOR QUESTION NUMBER 21 AND 22 Determine feasibility of the project using IRR and ERR of the project.…
A: Annual Cash Flow = Annual Receipts - Annual ExpensesAnnual Cash Flow = PhP 8,000 - PhP 4,000 = PhP…
Q: Consider a society consisting of just a farmer and a tailor. The farmer has 10 units of food but no…
A: The contract curve, also called the Pareto set, represents the set of ideal outcomes achievable…
Q: Please provide the correct answer along with the calculation. Do not use ChatGPT, otherwise I will…
A: The exhibit's analysis shows that the monopolist's profit was four output units. At $100 a unit, the…
Q: The accompanying diagram shows two budget deficit functions for a hypothetical economy. Suppose the…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: The figure below illustrates the effect of an excise tax (per unit tax) imposed on buyers (D means…
A: The market equilibrium(E) is a point where the supply(S) of a product matches the demand(D) for it.…
Q: Joe has just moved to a small town with only one golf course, the Northlands Golf Club. His inverse…
A: Here The following information is given in the task:The inverse demand function of person J is .The…
Q: What is the deadweight loss that results from this externality? QE − Q* PC − PE PC − PP (PC − PP) x…
A: Deadweight loss, also known as welfare loss, is a concept in economics that refers to the loss of…
Q: Show the following IS - LM curves on a graph. IS: y = 8200 - 300r LM: y = 1300 +125r Y = 3329 r* =…
A: The IS-LM model shows the equilibrium level of income (Y) and interest rate (r) when there is…
Q: The table shows an economy's demand for loanable funds and supply of loanable funds schedules when…
A: Loanable funds are defined as the theory for determining the rate of interest in the market. The…
Q: Is it ethical for a government to act in ways that socialize financial risks or losses while…
A: The ethics of such actions can be debated, but many argue that such practices can be considered…
Q: Two alternatives have the following cash flows: Alternative A First Cost $40,000 Annual Income…
A: The decision model question is one of establishing accountability over a set of projects, and the…
Q: ellook The one-year interest rate in New Zealand is 6 percent. The one year U.S. interest rate is 10…
A: Covered Interest Arbitrage for US and New Zealand InvestorsYes, covered interest arbitrage is…
Q: Consider the following scenario to understand the relationship between marginal and average values.…
A: Average total cost is the per unit average cost of production. It is determined by dividing the…
Q: aborate the Keynesian equilibrium using a graph
A: Gross domestic product is the final combination of goods and services at a country's border. GDP is…
Q: Xanadu Mining is considering three mutually exclusive alternatives, as shown in the table below.…
A: The above answer can be explained as under - The present worth is calculated using the excel formula…
Q: Which statement below regarding the Democratic and Republican parties following the 1990s is TRUE?…
A: Approach to solving the question:In the 1990s, the Democratic and Republican parties in the United…
Q: The following question refers to the diagram below, which illustrates the market for a good whose…
A: A cost or benefit that is incurred by the third party who is not primarily associated with the…
Q: Only 1 st question solve pls... Que 1) If a county becomes less likely to default on its bonds,…
A: The question is asking about the impact on a country's interest rate and exchange rate if the…
Q: Name/l.D. Number: Chapter 7 Macroeconomic Measurements, Part I: GDP and Real GDP- Pre-Class &…
A: Real gross domestic product (GDP) is a measure of an economy's output of all products and services…
Q: 2. Deviating from the collusive outcome Stargell and Schmidt are brewing companies that operate in a…
A: Detailed explanation: Here's a breakdown of how we can find these values:Profit-maximizing price and…
Q: Competition and big tech firms Big tech firms in digital markets are at the forefront of the public…
A: The objective of the question is to analyze the impact of the dominance of big tech firms in digital…
Q: How does a solar cell work? Explain every single compound of the solar cell in detail. Show…
A: Step 1: A solar cell, also known as a photovoltaic (PV) cell, is a device that converts light energy…
Q: Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care…
A: The question is asking about the impact of increased global demand for roses and increased interest…
Q: Machittan Lea Population Growth and Technological Progress - Work It Out An economy has a…
A: The Solow growth model is the exogenous model of economic growth which analyzes the changes in the…
Q: DirectJet, is considering leasing one of the following hangars for 10 years. Using ROR analysis and…
A: Present worth, also known as present value, is a financial concept used in capital budgeting,…
Q: (d) Answer the following questions by describing the budget curv and indifferent to determine…
A: Optimal consumer choice is the bundle of commodities that provide the consumers with an optimal…
Q: 4. Study Questions and Problems #4 Consider this statement: "Because price equals long-run average…
A: When there is monopolistic competition, businesses produce at a level where their prices are higher…
Q: Give proper explanation of the answer. No answer from Chat GPT will downvote from 7 accounts.
A: True. Generally, the demand for luxury goods tends to be more price elastic compared to the demand…
Q: d. What two conditions hold at Demeter's expected utility-maximizing contingent income bundle? e.…
A: As mentioned in the question, parts d, e, and f are solved.The producer has 100 acres of land. The…
Q: Price (dollars) 10+ 52 8 .0 4 2 0 24 0-24 0 Quantity Figure 4.3.1 11) The two supply curves in…
A: Given that both supply curves are parallel, their slopes are the same.Now The price elasticity of…
Q: Scenario Government Program Counted in GDP (Yes or No) Effect on GDP (Increase, Decrease or No…
A: The objective of the question is to understand the impact of various scenarios on the Gross Domestic…
Q: Digital Tech Dynamics purchased a new quality inspection system for $550,000. The estimated salvage…
A: The objective of this question is to determine the minimum trade-in value necessary now to make the…
What is the total utility at 4 units and the
Quantity | Marginal Utility |
---|---|
1 | 35 |
2 | 25 |
3 | 15 |
4 | 10 |
5 | 0 |
6 | -5 |
Unlock instant AI solutions
Tap the button
to generate a solution
Click the button to generate
a solution
- Praxilla, who lived in ancient Greece, derivesutility from reading poems and from eating cucumbers.Praxilla gets 30 units of marginal utility from her firstpoem, 27 units of marginal utility from her secondpoem, 24 units of marginal utility from her third poem,and so on, with marginal utility declining by three unitsfor each additional poem. Praxilla gets six units ofmarginal utility for each of her first three cucumbersconsumed, five units of marginal utility for each of hernext three cucumbers consumed, four units of marginalutility for each of the following three cucumbersconsumed, and so on, with marginal utility declining byone for every three cucumbers consumed. A poem coststhree bronze coins but a cucumber costs only one bronzecoin. Praxilla has 18 bronze coins. Sketch Praxilla’sbudget set between poems and cucumbers, placingpoems on the vertical axis and cucumbers on thehorizontal axis. Start off with the choice of zero poemsand 18 cucumbers, and calculate the changes in…What is the total utility at 3 units and the marginal utility when Jenna goes from consuming two units to three units pears? Quantity Marginal Utility 1 35 2 25 3 15 4 10 5 0 6 -5 Group of answer choices Total utility = 75 ; Marginal Utility = 15 Total utility = 75 ; Marginal Utility = 10 Total utility = 40 ; Marginal Utility = 15What is the total utility at 4 units and the marginal utility when Jack goes from consuming three pop tarts to four pop tarts? Quantity Marginal Utility 1 20 2 15 3 10 4 5 5 0 6 -5 Question 44 options: a) Total utility = 50 ; Marginal Utility = 5 b) Total utility = 45 ; Marginal Utility = 10 c) Total utility = 45 ; Marginal Utility = 5 d) Total utility = 50 ; Marginal Utility = 10
- John likes Coca-Cola. After consuming one Coke, John has a total utility of 10 utils. After two Cokes, he has a total utility of 25 utils. After three Cokes, he has a total utility of 50 utils. Does John show diminishing marginal utility for Coke or does he show increasing marginal utility for Coke? Suppose that John has $3 in his pocket. If Cokes cost $1 each and John is willing to spend one of his dollars on purchasing a first can of Coke, would he spend his second dollar on a Coke, too? What about the third dollar? If John’s marginal utility for Coke keeps on increasing no matter how many Cokes he drinks, would it be fair to say that he is addicted to Coke? *use tables and/or graphs if possible, please original workJohn likes Coca-Cola. After consuming one Coke, John has a total utility of 10 utils. After two Cokes, he has a total utility of 25 utils. After three Cokes, he has a total utility of 50 utils. Does John show diminishing marginal utility for Coke, or does he show increasing marginal utility for Coke? Supposethat John has $3 in his pocket. If Cokes cost $1 each and John is willing to spend one of his dollars on purchasing a first can of Coke, would he spend his second dollar on a Coke, too? What about the third dollar? If John’s marginal utility for Coke keeps on increasing no matter how many Cokes he drinks, would it be fair to say that he is addicted to Coke?Refer to the accompanying figure. The marginal utility of the 6th pizza is: Total Utility 105 100 90 75 55 30 1 Multiple Choice O95 100 51 2 3 4 Quantity (pizzas/week) 5 9 7
- Mylie's total utility from singing the same song over and over is 70 utils after one repetition, 110 utils after two repetitions, 140 utils after three repetitions, 160 utils after four repetitions, 120 utils after five repetitions, and 60 utils after six repetitions, as shown in the table below. a. Write down her marginal utility for each repetition. Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Repetitions 0 1 2 3 4 5 6 Total Utility Marginal Utility 0 70 110 140 160 120 60 b. Once Mylie's total utility begins to decrease, does each additional singing of the song hurt more than the previous song or less than the previous song? O More than the previous song O Less than the previous song. Praxilla, who lived in ancient Greece, derives utility from reading poems and from eating cucumbers. Praxilla gets 30 units of marginal utility from her first poem, 27 units of marginal utility from her second poem, 24 units of marginal utility from her third poem, and so on, with marginal utility declining by three units for each additional poem. Praxilla gets six units of marginal utility for each of her first three cucumbers consumed, five units of marginal utility for each of her next three cucumbers consumed, four units of marginal utility for each of the following three cucumbers consumed, and so on, with marginal utility declining by one for every three cucumbers consumed. A poem costs three bronze coins but a cucumber costs only one bronze coin. Praxilla has 18 bronze coins. Sketch Praxilla’s budget set between poems and cucumbers, placing poems on the vertical axis and cucumbers on the horizontal axis. Start off with the choice of zero poems and 18 cucumbers and calculate…Mylie’s total utility from singing the same song over and over is 50 utils after one repetition, 90 utils after two repetitions, 120 utils after three repetitions, 80 utils after four repetitions, 20 utils after five repetitions, and -60 utils after six repetitions, as shown in the table below. a. Write down her marginal utility for each repetition. Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Repetitions Total Utility Marginal Utility 0 0 — 1 50 2 90 3 120 4 80 5 20 6 -60
- Complete the following table. Instructions: Enter your answer for total utility as a whole number and your answer for marginal utility rounded to one decimal place. Units Total Marginal Utility Consumed Utility 10 32 3.2 20 2.8 30 86 40 111 50 2.4 60 158If something has negative marginal utility, what happens to your total utilitywhen you consume it?Bags of potato chips Total utility Candy bars Quantity Total utility Quantity 1 10 1 8 2 16 2 14 3 18 3 18 4 19 4 21 20 23 Liz consumes two goods, candy bars and potato chips. Her budget is $4 per day. The price of a candy bar is $1.00 and the price of a bag of chips is 50 cents. Her utility is in the table above. For Liz to maximize her utility, what combination of candy bars and potato chips should she eat? O A. 2 candy bars and 4 bags of potato chips O B. 4 candy bars and 0 bags of potato chips OC. 1 candy bar and 5 bags of potato chips O D. 3 candy bars and 2 bags of potato chips O E. None of the above answers are correct.