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- qty per week Marginal Utility of songs Marginal Utility of Cookies 1 15 25 13 20 3 12 16 4 11 13 10 11 6. 9 10 7 8. 7 8. 6. 7 10 Above is the utility of Sara for song and cookie consumption. If the price of a song is $2 and the price of a cookie is $1, how many cookies and songs will sara consumer? Why?Suppose one have a budget of $1000. The price of one unit of X is $20 and the price of one Unit of Y Is $10 If X provides one utility and Y gives one disutility, what is the equilibrium amount of X and Y for the consumer! Explain your answer with graph!1. You have a budget of $125 per month that you can spend digital music or eating dinner. Each dinner costs $25 and each digital album costs $10. Use the chart below to answer the following questions. Albums No. Per Week 1 2 3 4 5 Total Utility 250 450 630 790 870 Dinners No. Per Total Week Utility 1 2 3 |4 5 300 550 750 900 1025 1. What is the utility maximizing bundle? 2. Explain how the total utility will be affected if prices and income double?
- The following table shows the total utility gained from the consumption ofFanta Lemon in a week.left is quantity and right is total utility 1-20 2-35 3-45 4-53 5-58 6-58 7-481. Calculate the marginal utility. What do you observe?2. Sketch the total utility and marginal utility curves.3. If the price of Fanta Lemon increases from Rs.8 to Rs.10, how will itaffect its consumption?Explain your answer using the data above.The following table shows represent the utility received by Sharon for cookies and pretzels. Fill in the missing dataThe 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-
- 10- Quantity of D 8 6 2 0 2 6 8 10 4 Quantity of C Refer to the budget line shown in the diagram. Which of the following combinations of goods is unattainable for this consumer? 2 units of C and 6 units of D 1 unit of C and 8 units of D 4 units of C and 6 units of D 5 units of C and no units of DFrom the following information, Calculate Marginal Utility for 5th and 6th hour per day. Show workings.Suppose a person allocates a given budget between food and clothing. If food is an inferior good can you tell whether clothing is inferior or normal? Explain.