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- choose corr(A) The unit in which the utility is calculated is ________ (B) Utility measures __________ of the consumerqty per week Marginal Utility of songs Marginal Utility of Cookies 1 15 25 13 20 3 12 16 4 11 13 10 11 6. 9 10 7 8. 7 8. 6. 7 10 Above is the utility of Sara for song and cookie consumption. If the price of a song is $2 and the price of a cookie is $1, how many cookies and songs will sara consumer? Why?
- Quantity of Cheese Cakes (slices per day) Total Utility (TU) Marginal Utility (MU) 1 20 2 36 3 48 4 55 5 50 i) After how many slices do you get bored of Cheese cakes? ii) After how many slices do you feel sick?The graph shows the budget line for a consumer who only buys cookies and magazines. If the consumer's income is $20, what is the price of a Magazine? 24 20 16 4 2 4 6 8 10 12 Magazines (number per week) dollar(s) Cookies (number per week)21. Which of the following is NOT the goal of the consumer? a. maximize utility b. maximize satisfaction c. be on the highest indifference curve d. spend more income in the current time period than in the future
- What is the trend of the total utilitythrough 6. Elapsed time (in minutes) 30 60 90 120 150 Total utility of playing video games 20 45 63 78 83 Answer here 1 Total utility of swimming 40 22666 72 76 76 Jenny spends an average of $3 each hour she plays video games. What is her marginal utility per dollar for the second half hour?You have an 8:30 class this morning but you are feeling extremely tired. How do you decide whether toget some extra sleep or go to class?
