Figure 21-4 Quantity of Y 60 20 3/4 3/1 1/4 1/3 Quantity of X Quantity of Y 15 Quantity of X Refer to Figure 21-4. In graph (a), what is the price of good Y relative to good X (i.e.. Py/Px)?
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- Question 11 Figure#2 (а) (b) у 40 12 10 42 Refer to Figure#2. In graph (a), what is the price of good x relative to good y (i.e, Px/Py)? 3 1/4 1/3Question 48 The fact that humans are ultrasocial means that: O we're bad at avoiding COVID-19 we tend to see faces on random things, like floor tiles or pieces of wood we didn't spend time around strangers until the internet was invented O A& B O A& CTable A – Faris Daily Consumption Dozens of Oysters Total Utility Marginal Utility per Day 1 60 104 3 134 4 152 5 160 Number of Total Utility Marginal Utility Root Beers per Day 1 40 70 3 94 4 114 5 128 Refer to Table A shows Faris's consumption on the oysters and root beers per day for a total five days; i. Compute Faris's marginal utility of for consumption of dozens of oyster and number of root beers per day ii. At what units per day Faris's Diminishing Marginal Utility sets in for consumption of dozens of oyster and number root beers per day. iii. Please briefly explain why Faris will experience the Diminishing Marginal Utility as he consumes more unit of oysters and root beers.
- Graph the following dataQuantity marginal utility1 153 2 112 3 77 4 48 5 25 6 8 7 -3 8 -8Movies Rentals 14 13 12 11 10 9 8 7 6 432554 1 12 3 4 5 6 7 8 9 10 11 ... Movies in Theater Assume the graph shown represents Ayesha's budget constraint. If she has $48 to spend on these two items, what must a movie theater ticket cost?Question 21 Figure#2 (а) (b) 40 12 10 42 Refer to Figure#2. In graph (b). what is the price of good x relative to good y (1.e. Px/Py)?
- Question 31 Figure#2 (а) (b) 40 12 10 42 Refer to Figure#2. In graph (b), what is the price of good x relative to good y (i.e.. Px/Py)?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.KAMVA 489 Time Remaining: 02:54:13 Hide Time Remaining A Suppose the weighted marginal utility for two goods, x and y, at a position of consumer equilibrium is 70. If the price of good x is R10 and the relevant marginal utility for y is 140, what is the price of good y and the relevant marginal utility for good x? A. The price of y = R70; the marginal utility for x = 70 %3D B. The price of y = R2; the marginal utility for x = 700 C. The price of y = R10; the marginal utility for x = 700 D. The price of y = R2; the marginal utility for x = 140 E. The price of y = R140; the marginal utility for x = 70 Reset Selection |54 II