Slices of Pizza Total Utility 50 Marginal Utility 21 90 3\ 120 4. 5. 130 137 120 5) In the above table, what is the marginal utility of the fourth slice of pizza consumed? A) 32.5 B) 130 C) 10 D) 120
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- Use the table below to answer the following question. Number of Units A) 95 B) 47.5 190 (D) 90 1 2 3 4 5 5 What is the marginal utility of the second unit? Total Utility 100 190 270 340 400 450Refer to the information provided in Table 6.1 below to answer the questions that follow. Number of Hamburgers per Day 1 2 3 4 Number of Sodas per Day 1 2 3 4 Total Utility 30 52 67 76 Total Utility 20 35 47 57 Marginal Utility Marginal Utility Question #33: Refer to Table 6.1. The marginal utility of the second soda per day is A) 10. B) 15. C) 35. D) 55. Question # 34: Refer to Table 6.1. The marginal utility of the third hamburger per day is A) 5. B) 15. C) 22.33. D) 119. Question # 35: Refer to Table 6.1. Diminishing marginal utility sets in after the A) first B) second C) third D) fourth Question # 36: Refer to Table 6.1. The total utility of five hamburgers per day is A) 80. B) 81. C) 96. D) indeterminate from this information. Question #37: Refer to Table 6.1. The total utility of five sodas per day is A) 35. B) 64. C) 92. D) indeterminate from this information. soda perday.Question 1 The daily utility of Emefa from smoking packs of cigarettes (C) and drinking bottles of beer (B), is given as U (C, B) = 12C - C² + 18B - 3B² a) Find the number of packs of cigarettes and bottles of beer that maximize Emefa's daily utility b) Emefa's doctor advised him to limit the number of packs of cigarettes and bottles of beer consumed in a day to 5. Find her new utility maximizing bundle of cigarettes and beer c) Briefly explain why the short run average variable cost of production is U-shaped d) Can a monopoly firm make losses? Explain e) Why is the monopoly firm considered less efficient than the competitive firm? €
- 8) When Marginal Utility = 0, Total Utility is A) Maximum B) Constant C) Minimum D) None of the aboveQUESTION 12 The relationship between the marginal utility that George gets from eating a bag of cookies and the number of bags he eats per month is as follows: Bags of Cookies Marginal Utility 1 2 3 4 5 6 20 16 12 8 4 0 George receives 2 units of utility from the last dollar spent on each of the other goods he consumes. If cookies cost $4 per bag, how many bags of cookies will he consume per month if he maximizes utility?Elapsed time (in minutes) 30 60 90 120 150 Total utility of playing video games 20 45 63 78 83 40 62 72 76 76 Total utility of swimming ▸ Jenny pays $5 per hour to use the local swimming pool. What is her marginal utility per dollar for the first half hour of swimming?
- Q4-From the blow table discuss the following with the help of graph. a) Trend of total utility b) Trend of marginal utility c) Law of diminishing marginal utility Units of X Total Utility Marginal Utility 1 10 10 2 18 8 3 24 6 4 28 4 5 30 2 6 30 0 7 28 -2Number of Sodas per day Total Utility Marginal Utilit 1 20 35 3 47 12 4 10 Refer to the table, The marginal utility of the second soda per day is L. (Answer should be in the form of numerical characters, e.g. 20) Enter your answer hereThe table below shows the total utility from consuming different amounts of Grapefruits. Use the information below to calculate the Marginal Utility for each quantity. Quantity Total Utility 0 0 2 8 10 48 % 116 132 138 Marginal Utility 9-
- Digital Apps per Period 0 1 2 3 4 5 Total Utility of Digital Apps per Period (utils) which 0 50.0 95.0 135.0 171.5 200.0 Marginal Utility (utils) 50.0 45.0 40.0 36.5 28.5 Marginal Utility Portable per Dollars Spent Power Banks (price = $5.97) per Period | 8.4 7.5 6.7 6.1 4.8 0 1 GTA W N 3 4 5 Total Utility of Portable Power Banks per Period (utils) 0 25 47 65 80 89 Marginal Utility (utils) 25 22 18 15 9 Marginal Utility per Dollars Spent (price = $2.70) 9.3 8.1 6.7 5.6 3.3 Consider the table above. Suppose the consumer's income is $26. Does the consumer spend all of her income if she purchases the optimal quantities of digital apps and portable power banks? The optimum quantity of digital apps purchased is and the optimum quantity of portable power banks purchased is. (Enter your responses as whole numbers.) Spending on digital apps is $ and spending on portable power banks is $. (Enter your responses rounded to one decimal place.) Thus, total spending at the consumer optimum is $ the…Q1. a) Complete the table below: Quantity of Cheese Cakes (slices per day) Total Utility (TU) Marginal Utility (MU) 1 20 2 36 3 48 4 55 5 50 i) After how many slices do you get bored of Cheese cakes? ii) After how many slices do you feel sick? b) Using the values from the above table, “Plot” (on separate graphs) i) Total Utility ii) Marginal Utility graphsElapsed time (in minutes) 30 60 90 120 150 Total utility of playing video games 20 45 63 78 83 Total utility of swimming 40 62 72 76 76 Jenny spends an average of $3 each hour she plays video games. What is her marginal utility per dollar for the second half hour?