
ENGR.ECONOMIC ANALYSIS
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ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:(98) Minecraft Xbox - RE-Solitud x +
https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheduc
ignments: 2022-SU-ECO2023 X
hapter 7 Problems
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Question 5 - Chapter 7 Problems X
5
You are willing to pay $25 (but not a penny more) for a half-hour massage. At the end of your session, the masseur offers a second
half-hour session for $20. After thinking about it a little while, you agree.
(a) How much is your total utility from the two massages?
Total utility: $ 45
(b) How much is your consumer surplus if you get two half-hour messages?
Consumer surplus: $
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- Suppose the following table shows your demand schedule for CDs. Price Quantity Demanded $15 1 12 9. 9:56 6. 4 (a) What is your total utility from four CDs? Total utility: $ (b) What is your marginal utility from the fourth CD? Marginal utility: $ (c) If the price is $6, how much will your consumer surplus be? Consumer surplus: $arrow_forwardUse the table below to answer the following question. Number of Units A) 95 B) 47.5 190 (D) 90 1 2 3 4 5 5 What is the marginal utility of the second unit? Total Utility 100 190 270 340 400 450arrow_forwardHelparrow_forward
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