1. A consumer consuming two commodities A and B, has a total income of 16birr with price A and B were 1birr and 4birr respectively Given the following table Q12345678 TUA 30 55 75 90 100 100 90 75 TUB 100 180 240 280 300 300 280 260 a. Calculate marginal utility for good A and B b. Draw the marginal and total utility for commodity A and show the relationship between them. C. How many units of A and B should be consumed to maximize utility d. Calculate the total utility at optimal choice

1. A consumer consuming two commodities A and B, has a total income of 16birr with price A and B were 1birr and 4birr respectively Given the following table Q12345678 TUA 30 55 75 90 100 100 90 75 TUB 100 180 240 280 300 300 280 260 a. Calculate marginal utility for good A and B b. Draw the marginal and total utility for commodity A and show the relationship between them. C. How many units of A and B should be consumed to maximize utility d. Calculate the total utility at optimal choice

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

If the value of total receipts is $10,000 and revenue receipts is $3000 Calculate the value of capital receipt
Note: This is not an assignment question please help me. Don't copy from Google. Explain when the repeated lives comparison method should be applied and how it works.
Derive an expression for MC if TC = 49 - 20q² + 60q + 40. %3D
What challengers are hospital managers likely to encounter while making efficient use of health resources
21234 10 11 FC VC 350 What is the MC of the 12th unit? a. 15 O b. 12 Ocll O d. 13 TC 525 MC 25 AFC AVC 33 ATC 50 42
Calculate and complete columns (3), (4), (5), (6) and (7) as instructed by quiz question # 8. (1) (2) (3) (4) (5) (6) (7) Quantity of Total Labor Product 10 50 11 54 12 60 13 64 14 66 15 67 Use this area for calculations if needed and to answer Q10
given Q=2P-500 what is P? write down P as a fuction of Q
could you answer part b and c please
help
Chelsea has to pay a series of uniform annual payments over a fixed period of time to repay a loan that would amount to $1,000,000. If Chelsea has to pay $30,000 per year for a rate of 6%, how long should she pay these uniform payments in order to repay her loan? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Please don't use Excel or any processors because I'll use this as a reviewer for our test that requires manual computation. Thank you!
Every year, there is some form of construction work going on at UF's campus. In January 2018, bids were opened for a new building on campus for UFPD. The bid/construction value of the building was set at $5 Million. Another building of similar structure and purpose is planned with a bid opening in January 2023. What is the expected bid for the new building? It is given that in January 2000, the Florida Construction Cost Index had a value of 5550, while in January 2018, that value was 8000. You can use these price indices to calculate an average inflation in construction costs.