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…

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 0 1 120 120 2345 100 80 60 40 20 23456 60 45 30 20 15 6 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

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 0 1 120 120 2345 100 80 60 40 20 23456 60 45 30 20 15 6 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

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter10: Consumer Choice Theory

Section: Chapter Questions

Problem 9P

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