Beruflich Dokumente
Kultur Dokumente
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Repetitions 1 2 3 4 5 6
Once Mylies total utility begins to decrease, does each additional singing of the song hurt more than the previous one or less than the previous one?
2.
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You are choosing between two goods, X and Y, and your marginal utility from each is as
shown below.
Units of X 1 2 3 4 5 6
MU 20 16 12 8 6 4
Units of Y 1 2 3 4 5 6
MU 16 14 12 10 8 6
Instructions: Enter only whole numbers for your numeric answers. If your income is $18.00 and the prices of X and Y are $4.00 and $2.00, respectively, what quantities of each will you purchase to maximize utility? Units of X: n/r Units of Y: n/r What total utility will you realize? n/r Assume that, other things remaining unchanged, the price of X falls to $2.00. What quantities of X and Y will you now purchase? Units of X: n/r Units of Y: n/r Using the two prices and quantities for X, derive a demand schedule (a table showing prices and quantities demanded) for X. Instructions: Start with the highest price first.
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utility.
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8.
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Multiple Choice
Difficulty: 2 Medium
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Multiple Choice
Difficulty: 2 Medium
10.
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Multiple Choice
Difficulty: 2 Medium
11.
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zero.
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20.
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