Please give me correct answer wi drawing carefully otherwise i will give downbote Note:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. The following table shows Ellie's utility from consuming slices of cake and cans of Dr. Pepper.SlicesMarginal Utility Cansoffrom Last SliceofMarginalUtility fromCakeDr. PepperLast Can01120234561008060402001234561206045302015Suppose Ellie has $3 per week to spend on cake and Dr. Pepper and that the price of a slice of cake is $0.50.1.) Use the point drawing tool to plot Ellie's demand for Dr. Pepper at a price of $1.00. Label this point 'A'.2.) Use the point drawing tool to plot Ellie's demand for Dr. Pepper at a price of $0.25. Label this point 'B'.3.) Use the line drawing tool to connect the dots to form Ellie's demand curve. Properly label this lineCarefully follow the instructions above, and only draw the required objects

Marginal utility is the added satisfaction a consumer receives from consuming one more unit of good…

Answered: The following table shows Ellie's…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please give me correct answer wi drawing carefully otherwise i will give downbote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

The following table shows Ellie's utility from consuming slices of cake and cans of Dr. Pepper.
Slices
Marginal Utility Cans
of
from Last Slice
of
Marginal
Utility from
Cake
Dr. Pepper
Last Can
0
1
120
23456
100
80
60
40
20
0123456
120
60
45
30
20
15
Suppose Ellie has $3 per week to spend on cake and Dr. Pepper and that the price of a slice of cake is $0.50.
1.) Use the point drawing tool to plot Ellie's demand for Dr. Pepper at a price of $1.00. Label this point 'A'.
2.) Use the point drawing tool to plot Ellie's demand for Dr. Pepper at a price of $0.25. Label this point 'B'.
3.) Use the line drawing tool to connect the dots to form Ellie's demand curve. Properly label this line
Carefully follow the instructions above, and only draw the required objects

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