5 4 BC 2 3 BC 1 B 2 1 2 3 5 IC 2 IC 1 Refer to the Figure. Assume the consumer depicted in the figure faces prices and income such that she optimizes at point B. According to the graph, which of the following would cause the consumer to move to point A? An decrease in the price of good X

Good Y 20 Each week, Mary Selects the quantity of two goods, X and Y that she will consume in order to maximize her utility. She spends her entire weekly income on these two goods. Suppose you are given the following information about a three-week period, the choices that Mary makes over Where Px is the price of good X, Py is the price of good Y, and I is income: Week 1 Week 2 مل ۳۰ رم Week 3 is 7 Hi▬▬▬▬t da. X 10 6 14 Px $1 $1 8 $1 Y GOOD 3 6 9 12 15 17 21 24 21 10 ९1 1) using the line drawing tool, graph Mary's budget line for each week. Label the line L₁, L₂, and 13. + $1 2) Using the point drawing tool, indicate Mary's utility-maximizing bundle for each week. Label these points A, B.C. 30 $2 $2 I 20 20 38

Considering the following Diagram of consumer equilibrium, answer the following questions.                                     If consumer has $100 to spend on X and Y at Budget line DE, what are the prices of X and Y products. What combination of X & Y maximizes the consumer’s total utility at Budget line DE? Why a consumer has moved to point B on Budget line DE1 from Point A of Budget line DE? Derive the demand curve of X product. What is relationship between X and Y products

KAMVA 489 Time Remaining: 02:54:13 Hide Time Remaining A Suppose the weighted marginal utility for two goods, x and y, at a position of consumer equilibrium is 70. If the price of good x is R10 and the relevant marginal utility for y is 140, what is the price of good y and the relevant marginal utility for good x? A. The price of y = R70; the marginal utility for x = 70 %3D B. The price of y = R2; the marginal utility for x = 700 C. The price of y = R10; the marginal utility for x = 700 D. The price of y = R2; the marginal utility for x = 140 E. The price of y = R140; the marginal utility for x = 70 Reset Selection |54 II

5. Janice consumes two goods, X and Y. Janice has a utility function given by the expression: U=4X05Y05 and current prices of X and Y are $25 and $50, respectively. Janice currently has an income of 750 unit per time period. a. Write an expression for Janice's budget constraint. b. Calculate the marginal rate of substitution of X for Y. (horizontal line X, vertical line Y). c. Calculate the values of X and Y that will maximize utility. d. Graph your answers (budget line, indifference curve)

If we have money, we buy goods and services to satisfy our needs. In economics, thesatisfaction that we get from the consumption of goods and services is called utility. Usea utility graph to explain what happen to the utility when you keep on increasing thenumber of units consumed. Also explain what happens to the utility when you keep onincreasing the number of units consumed. Also explain what happens to the additionalutility (i.e. additional satisfaction) when you increase your consumption by one unit

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Q36

Can you help me answer this macroeconomics theory question