2. In the following examples, state how you would use the principle of marginal analysis (and idea of diminishing marginal utility) to make a decision. Make sure to include at least one marginal cost and one marginal benefit. Use at least two sentences in your response. |a. Deciding how many Krispy Kreme doughnuts to eat in one sitting. b. Deciding how many AP classes for the 2021-2022 school year.

Can you help me answer these questions it's macroeconomics theory

5. Sheila and Bruce are taking a canoe trip. Sheila brought 10 boxes of peanuts (x) and 15 bags of chips (y). Sheila's utility function is U*(x,y) = lnvx*+ Invy°. Bruce also brought 20 boxes of peanuts and 5 bags of chips. Bruce's utility function is UB(x.y) = min[x', y'I. a) Illustrate the endowment point and draw a sample set of indifference curves through the endowment point. b) If Sheila and Bruce trade what will be the pattern of mutually beneficial trade? c) If the terms of trade are the number of bags of chips (y) per box of peanuts (x) then what is the largest value that these terms can be for a mutually beneficial trade in this economy? d) Find one mutually beneficial trade where the terms of trade are 1 bag of chips (y) per 2 boxes of peanuts (x). Suppose that Sheila and Bruce set up two competitive markets for peanuts and chips. Below you will show that if the price of peanuts (x) is $1 and the price of chips (y) is $2 then the markets for both peanuts and chips will clear.…

Assume a monopolist faces the demand schedule given below and a constant marginal cost of $2 for each unit of output. Fill in the total and marginal revenue amounts in the table. Part 2 To maximize profits, this monopolist would produce_______ units of output at a price of $ ________ per unit.