Popcorn Soda Quantity Total Utility Marginal Utility Marginal Utility Per Dollar Spent Quantity Total Utility Marginal Utility Marginal Utility Per Dollar Spent 0 0 ---------- ---------- 0 0 ---------- ---------- 1 75     1 59     2 135     2 107     3 238     3 220     4 272     4 284     5 322     5 309     The above table shows the total utility Emily gets from popcorn and from soda. The price of a popcorn is $0.52 and the price of a soda is $1.75. Emily has $6 to spend on these two products. What is the marginal utility per dollar spent of the 3rd bag of popcorn?

Q: Write here the MC function __________________________ 5. Find the value which AFC approaches as Q…

A: Total cost is the sum of total fixed cost and total variable cost.Total fixed cost is constant and…

Q: The central bank of Barbados decides to pursue a contractionary monetary policy. Provide a table…

A: Central banks regularly consider business expectations when deciding on monetary policy in order to…

Q: Suppose the Fed decided to sell $100 billion worth of government securities in the open market.…

A: The percentage of funds that commercial banks must retain in reserves as mandated by regulatory…

Q: relationships using the following symbols:> (greater than), < (less than), or (equal to). Outcomes…

A: A) Exports = Imports:This relationship signifies that the value of goods and services a country…

Q: Use the provided to figure to answer the following question. Marginal Cost and Average Cost…

A: Perfect competition is a theoretical market structure that serves as a benchmark against which…

Q: In this diagram, when this monopolist chooses the price and quantity which maximizes profit: 17.10-…

A: A monopoly is a market structure in which there is only one seller in the market. As there is a…

Q: Fill in the price and the total and marginal revenue Talero earns when it produces 0, 1, 2, or 3…

A: Total Revenue is the total earnings that the producer earns from the sale of the output produced.…

Q: Suppose that in 1994 the total output in a single-good economy was 7,000 buckets of chicken. Also…

A: Price in 2015 = $16Price in 1994 = $10

Q: Below, the graph on the left shows the long-run average and marginal cost for a typical firm in a…

A: Perfect competition is a type of market structure in which there are large number of buyers and…

Q: a) Imagine that the price of input 1 is $16 per unit, the price of input 2 is $25 per unit, and the…

A: Perfect competition is a type of market where there are very large number of firms,which have no…

Q: b) Indicate the socially efficient price and quantity, using the new supply curve that you've drawn.

A: Negative externalities are the harmful side effects arise out of production or consumption of some…

Q: 1.Do you think the standard IMF policy prescriptions of tight monetary policy and reduced government…

A: Monetary policy alludes to the arrangement of activities and measures executed by a country's…

Q: Calculate the missing information in the table below taking into consideration that the base year is…

A: Gross domestic product refers to final value of all goods and services produced in a territory of a…

Q: Use the information in the graph level of 500. a. Total fixed cost b. Total variable cost c. Total…

A: Total fixed costs refers to the total expenditure which remains fixed at all levels of output. It…

Q: > Consider the data in the table below: United States Switzerland Per capita GDP, 2017 1.000 1.151…

A: Thе Solow growth modеl hеlps analyzе thе long-run еconomic growth of countriеs, and thе stеady statе…

Q: If a $6 per unit tax is introduced in this market, then the price that consumers pay will equal…

A: At the equilibrium price, the quantity demanded is equal to the quantity supplied.Equilibrium occurs…

Q: Find all ESS, if any, in the following symmetric game. Go Stop Go 2,2 5,3 Stop 3,5 2,2

A: There are two players : Player 1 (Vertical )  &amp; Player (2) horizontal )Strategy Set of Player 1…

Q: Sandra and Trey operate a small company that produces souvenir footballs. Their fixed cost is $2,000…

A: A company produces football. Their fixed cost is $2000 per month. Each worker cost $1000 per month.

Q: An open market sale of bonds by the Central Bank shifts the demand for reserves to the left.…

A: This can be described as the central authority of the banking system of that particular nation. The…

Q: Complete the following table by indicating how the combined effects of these transactions will be…

A: The GDP is necessary to assess the general state and accomplishments of the economy. Economists,…

Q: Which of the following statements is incorrect? A)MC curve passes through the minimum point of the…

A: Costs refer to the expenses incurred by a business or individual in the process of producing goods,…

Q: In a separate scenario, the uncovered interest parity holds and people are risk-neutral. A Chinese…

A: Uncovered Interest Parity (UIP) is an economic or finanacial theory that refers to the difference in…

Q: Suppose that a firm's production function is: Its marginal product functions are: MPL = 5K0.5/L0.5 =…

A: Production function: The marginal product of labor: The marginal product of capital: Cost of labor…

Q: Suppose that the marginal cost of laundry service is $1 per item, and the price - elasticity…

A: Marginal cost is $1.i.e., MC = 1The price-elasticity of demand is 4.i.e., Ed = 4

Q: Price P₁ P₂ D O a. ACF O b. ABD OC. DEF O d. BCED E Q₂ B Quantity Refer to Figure 7-2. Which area…

A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve.The…

Q: Ganon Inc. is evaluating a proposal to replace its HID (high intensity discharge) lighting with LED…

A: There is a proposal to replace the HID lighting with LED lighting. The related information is…

Q: Can you answer part d, e and f of the original question?

A: The rate of inflation is a measure that quantifies the percentage change in the general price level…

Q: 1. The graph shows demand and supply curves for beer, with market equilibrium price equal to $12.50…

A: Note: Since you have posted a question with multiple sub-parts, we will provide the solution only to…

Q: All of the following except right. O Dollar depreciation Consumer confidence increasing O Household…

A: Aggregate demand refers to the overall quantity of goods or services that an economy demand over a…

Q: Based on the graph below, how many workers would the firm hire and at what wage? A. 50 workers at…

A: Monopsony is a type of market where there is a single buyer who buys all goods in the market.In…

Q: Discuss in detail the law of diminishing returns and how it explains the shape of the short-run…

A: The objective of this question is to understand the law of diminishing returns and how it influences…

Q: (b) Provide a table with the nominal GDP for the Barbados for 2020 and 2021. Using only the nominal…

A: For a particular period, the final value of goods and services produced in an economy is known as…

Q: In a global context, are opportunities for development growing or diminishing?

A: Development by and large alludes to the course of growth, progress, or headway, frequently with an…

Q: What is tying? Why is it helpful? Give an example

A: Tying is a strategic business practice that involves the sale of two or more products together. It…

Q: Banking Question 2 Please use the balance sheet for Bank Alpha to answer the questions. Assume Bank…

A: The money multiplier is the concept of multiplication of money through the initial reserve, It is…

Q: Use the photo at exercise 14 to solve the problem below  With the Firm Y response function…

A: In economics,  the game of Stackelberg, two players with the leading and trailing firms function in…

Q: A depreciation of the Canadian dollar will make Canadian goods ________ to foreigners and make…

A: Currency depreciation is the decline in the value of a country's currency with respect to other…

Q: There are 1000 competitive firms of the size represented by AC1, and AC2 represents the only firm if…

A: A perfectly competitive firm produces at the intersection of MC and AC in the long run. A monopoly…

Q: What about barbados?

A: Here's a  comprehensive overview of Barbados' economic situation and the rationale behind the…

Q: Intel is deciding whether to outsource the production of its Skylake series of processors to…

A: Outsourcing is an activity where one company hires another company to produce their product because…

Q: Instruction: Cut out from a newspaper or look for a news about issues and problems concerning…

A: The provided question has been answered from the generalized perspective of 'Development Economics'.…

Q: 2. Calculating marginal revenue from a linear demand curve The blue curve on the following graph…

A: This can be defined as a concept that shows the total demand for the products and services in a…

Q: Which of the following is true with regard to food security? Food security exists when government…

A: United Nations committee defines Food Security as all people, at all times, having physical, social…

Q: Consider the market for electric cars. Suppose that a electric car manufacturing facility dumps…

A: Negative externalities- the cost that is borne by a third party as a result of the production or…

Q: Refer to the diagram to the right. Complete the following table. Consumer Surplus without trade with…

A: The consumer surplus will be calculated as difference between an amount what buyer is willing to pay…

Q: 1. Age: 12 responses 2 Gender: 12 responses 25% 8.3% 50% 16.7% 18-25 45 (41.7% 50% 8.3% 18-25 26-30…

A: Age Distribution Pie Chart:18-25 age: 41.7% - The largest segment, indicating a significant portion…

Q: Please label the statements regarding child labor as true or false. You are currently in a labeling…

A: Child labor, in economic terms, refers to the engagement of children in work that deprives them of…

Q: 2) Current Real GDP = $21.5T Potential Real GDP = $20T MPS = .2 How much would be necessary to close…

A: Recessionary gap refers to the gap between potential output and actual output where actual output is…

Q: a.) How many Subgames does this Game have? b.) Convert this Game Tree into matrix form. c.) Find all…

A: There are two players  : Player 1 &amp; 2 Strategy Set of Player 1 = { A , B , C,  D , E,  F…

Q: The “Free the Beer” case is currently before the Supreme Court of Canada. In 2012 Gerard Comeau, 64,…

A: The "Free the Beer" Story:There's a case in Canada called "Free the Beer." A guy named Gerard Comeau…