Using the graph on the right, determine the marginal utility of the second unit of the good consumed. The marginal utility of the second unit of the good consumed is O A. 60. OB. 10. O C. 30. OD. 20. OE. 40. Total Utility 110- 100- 90- 80- 70- 60- 50- 40- 30- 20- 10- Units of a good

Based on his preferences, Bill is willing to trade 3 movie tickets for 1 ticket to a basketball game. If movie tickets cost $6 each and a ticket to the basketball game costs $16, should Bill trade movie tickets for basketball tickets? Why or why not? Bill should O A. trade movie tickets for basketball tickets because his marginal utility per dollar spent on movie tickets is less than his marginal utility per dollar spent on basketball tickets. O B. trade movie tickets for basketball tickets because his marginal utility per dollar spent on movie tickets is greater than his marginal utility per dollar spent on basketball tickets. O C. trade movie tickets for basketball tickets because his marginal rate of substitution equals the ratio of the price of a basketball ticket to the price of a movie ticket. O D. not trade movie tickets for basketball tickets because his marginal rate of substitution is less than the ratio of the price of a basketball ticket to the price of a movie ticket. O E.…

Consider the following chart. What is the marginal utility per the price for the fourth unit of Chicken Fajitas? The price of a Chicken Fajita is $10. Quantity of Chicken Fajitas (1) 0 2 3₂ 4 5 6 7 O a.) +14 utils per dollar O b.) 1.9 utils per dollar Oc.) +1.0 utils per dollar d.) +16 utils per dollar Total Utility (2) 0 25 48 67 81 89 90 83 Marginal Utility (3) 25 23 19 8 1 -7

If you were deciding which pizza place to eat at by comparing your enjoyment of pizza and price at two different restaurants, what would you be calculating? a. Marginal utility per dollar of pizza O b. Total Utility per slice of pizza Oc. Marginal Utility per slice of pizza Od. Diminishing Marginal Utility per slice of pizza

Every day Noora spends her lunch money consuming apples, at RO1 each, and Oranges, at RO2 cach. At her current level of consumption, Noora's marginal utility of apples is 12 and her marginal utility of oranges is 18. If she has already spent all of her lunch honeyỹ, how should Noora change her consumption decision tó maximize utility? She should makeʼno changes: she is consuming the utility maximizing Combination ofapplès and oranges. 6) She should increase her apple consumption and decrease her consumption until the marginal utility per dollar is equal for bóth. c. She should decrease hef apple consumption and increase her orange consumpțion until the marginal utility per dollar is equal for both. d. She should increase her apple consumption and increase her orange consumption until the marginal utility is equal for both: orange

Refer to the information provided in Figure below to answer the question that follow. O O O Total utility 28 25 15 0 1 2 3 4 Number of movies rented per month Refer to Figure The total utility of the three movies is utility of the third movie is Select one: a. 0; 0 b. 25; 10 c. 28; 3 d. 15; 0 and the marginal

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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 $2/pancake, and the price of coffee is $2/cup. She has only $10 to spend on these two goods. What is her utility-maximizing bundle of pancakes and coffee?   The table gives a utility schedule for Anton.   Number of Doughnuts Total Utility 1 12 2 33 3 43 4 50 5 56 6 60     What important property does Anton's utility exhibit?    Group of answer choices additive utility ignoring sunk cost rational optimization diminishing marginal utility

Nh

Total utility is maximized in the consumption oftwo goods by equating thea. prices of both goods for the last dollar spenton each good.b. marginal utilities of both goods for the lastdollar spent on each good.c. ratios of marginal utility to the price of bothgoods for the last dollar spent on each good.d. marginal utility of one good to the price ofthe other good.