An additional unit of Old Product X will bring Cindy an MU of 15 utils, an additional unit of New Product Y will bring Cindy an MU of 30 utils, and an additional unit of New Product Z will bring Cindy an MU of 40 utils. If a unit of Old Product X costs $10, a unit of New Product Y costs $30, and a unit of New Product Z costs $20, which product will Cindy prefer to spend her money on?   a. Old Product X. b. New Product Y. c. New Product Z. d. More information is required.

Suppose Amanda spends all of her income of $1,000 on mascara (M) and chocolate (C) The prices per unit are PM = $5 and PC = $10. What is the maximum amount of chocolate that she can consume?   a. 200 b. 5 c. 100 d. 1,000

The table shows Jill’s utility schedule for pancakes and coffee   # pancakes total utility from pancakes MU from last pancake   # cups of coffee total utility from coffee MU from last cup of coffee   1 10 10   1 12 12   2 18     2 22     3 24     3 30     4 28     4 36     5 30     5 40     6 30     6 42         What is Jill’s marginal utility of consuming the 6th pancake?   The table shows Jill’s utility schedule for pancakes and coffee   # pancakes total utility from pancakes MU from last pancake   # cups of coffee total utility from coffee MU from last cup of coffee   1 10 10   1 12 12   2 18     2 22     3 24     3 30     4 28     4 36     5 30     5 40     6 30     6 42         Suppose that the price of pancakes is…

If Porsha view 3 glasses of juice as a perfect substitute for one cup of soda and vice versa, what is her marginal rate of substitution between juice and soda?