Assume that Inayah’s consumption of milk and cookies give her following level of utility: Quantity MU milk MU cookies 1 400 450 2 350 200 3 200 150 4 100 100 5 70 60 6 30 30 7 0 0 Find the optimal level of consumption. Find the consumer equilibrium using the two-dimensional labeled diagram.

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A:

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A: Bundle Q(A) MU/$(A) Q(B) MU/$(B) A 0   9   B 3 6.13 8 5.13 C 6 5.38 7 5.21 D 9 4.63 6 5.29…

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Q: Mrs. Griffiths earns $5000 a week and spends her entire income on dresses and handbags, since these…

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Q: 1. Would you expect marginal utility to rise or fall with additional consumption of a good? Why?

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A: When a consumer always consumes goods in fixed ratios, the goods are Complementary goods.

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A:

Q: Question 3 Mrs. Griffiths earns $5000 a week and spends her entire income on dresses and handbags,…

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A: "‬Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Miss Coco consumes cheese cake and curry puff. Her consumption yields the following total utility as…

A: Marginal utility is the additional utility gained from consuming an additional unit of the good.

Q: Inayah is a rational consumer who consumes milk and cookies only from her monthly income of Rs.…

A: Quantity MU of  milk Rs.500 MU of Cookies Rs.300 1 400 450 2 350 200 3 200 150 4 100 100…

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A: PLEASE NOTE THAT AS PER THE GUIDELINE I HAVE SOLVED THREE SUB-PARTS AS REQUESTED WHIHC IS E,F, G.…

Q: Suppose Sam has a weekly budget of $48 to spend on juice and yogurt. Juice is priced at $4 per…

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