Table 1 Number of Chocolate Bars per Day Total Utility Marginal Utility 80 2 3. 4 150 200 230 10 2- Refer to the table above, 2.a- What is the marginal utility of the second chocolate bar per day? Please calculate. (3 pt) 2.b- What is the total utility of five chocolate bars per day? (3 pt)
Table 1 Number of Chocolate Bars per Day Total Utility Marginal Utility 80 2 3. 4 150 200 230 10 2- Refer to the table above, 2.a- What is the marginal utility of the second chocolate bar per day? Please calculate. (3 pt) 2.b- What is the total utility of five chocolate bars per day? (3 pt)
Chapter21: Demand: Consumer Choic
Section: Chapter Questions
Problem 1E
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Transcribed Image Text:8:35
O ll 60%
Econ101- Final Written..
QUESTION 2
Table 1
Number of
Chocolate Bars per Day
Total Utility
Marginal Utility
80
150
200
230
10
2- Refer to the table above,
2.a- What is the marginal utility of the second chocolate bar per day? Please calculate. (3 pt)
2.b- What is the total utility of five chocolate bars per day
QUESTION 3
3- You are a firm owner. Your total revenue was 100 TL last year. Your costs for rent and
supplies were 35 TL. To start this business, you invested certain amount of money that
could bring you a 45 TL as an annual return. If you would work for another company,
DONOT CORY
3.a- Refer to the statement above. What were your economic costs during the year? Please
calculate. (3 pt)
3.b- Refer to the statement above. What was your cconomic profit last year? Please calculate.
(3 pt)
QUESTION 4
Table 2
Technology
Units of Capital
Number of Employees
2.
5
12
B
11
10
D
10
4
4- Use the information provided in Table 2 above to answer the question(s) that follow.
II
||
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