Explain the First Theorem of Welfare Economic and theSecond Theorem of Welfare Economic.Please relatethese two theorems.

Units of the Good 0 1 5678AWN2 3 4 Total Utility Total Utility of X of Y 0 0 620 1740 1120 3030 1500 3960 1820 4710 2080 5280 2300 5730 2460 6060 2580 6300 For the next 3 questions, assume that an individual consumes two goods X and Y. The total utility (assumed measurable) of each good is independent of the rate of consumption of other goods. The prices of X and Y are, respectively, $20 and $30. If the consumer buys the fourth unit of X the Marginal Utility per Dollar Spent on X is 16 I If the consumer has $210 to spend on X and Y, the utility-maximizing bundle is The minimum budget necessary to move to a higher equilibrium consumption of X and Y is $ unit(s) of X and unit(s) of Y.

What is the difference between a Social Welfare Function and Social Choice Rule? Explain whether requiring a Social Choice Rule rather than a Social Welfare Func- tion successfully resolves the paradoxical results in social choice theory.

1. The table shows the total utility Joseph derives from eating pizza in the evening while study- ing. Pieces of pizza/evening Total Utility 1 30 48 60 4 70 78 80 7 76 a. How much marginal utility does Joseph derive from the third piece of pizza? b. After eating how many pieces of pizza does marginal utility start to decline? c. If the pizza were free, what is the maximum number of pieces Joseph would eat in an evening? d. On separate diagrams, construct Joseph's total utility and marginal utility curves for pizza. Does the law of diminishing marginal utility hold? How do you know?

The table below demonstrates the total utility Terrence derives from eating differentquantities of plates of thanksgiving dinner. Calculate the marginal utility for each platethen graph the total utility and marginal utility (with total utility graph above the marginalutility graph – lining up the Qty).

In ordinal Utility approach, let a consumer's utility function is given by TU X³Y. If price of X is 2 birr and price of Y is 3 birr and if budget of the consumer is 100 birr for consumption of X and Y. then what are the utility maximization X and Y?

Please answer correct explain Don't answer by pen pepar pls

I want the solution on paper if possible

What are the assumptions of cardinal utility theory? Explainthe law of diminishing marginal utility with the help of diagram

Would a research study on the effects of soft drink consumption on childrens cognitive development he a positive or normative statement?