laskan jawapan anda. By using an appropriate graph, show the relationship between Engle Curve and types of goods to be purchased? Explain your answer. www.
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- A heavy rainstorm damages this year’s crop of peanuts. The price of peanut butter increases. What will happen to the demand of jelly? Answer the 3 questions below related to this scenario. Complete sentences are not required. Please number each answer. 1. Will there be an increase or decrease? 2. Which way will the graph shift? 3. What is the determinant?From the hypothetical data in table 1, provide the following requirements. Table 1. Total Utility & Marginal Utility for Chocolate Bars Quantity (Chocolate Bars) Total Utility Marginal Utility 0 0 1 7 2 11 3 13 4 14 5 14 6 13 Solve the marginal utility column. Show the graphical solution. What does your graph implies?Suppose you observed that the consumption of organges increased sharply last year, however thet total consumer expenditure on oranges did not change. Did a supply shift, demand shift or both cause this? explain using graphs
- Elena consumes bundles of food and transportation. In order to understand her behavior, we use a graph of her consumption space in which we draw two axes. We measure food in the horizontal axis and transportation in the vertical axis. Which of the following bundles has the largest amount of food (if the bundles are written consistently with the way we graph consumption)? (80, 100) (99,150) (100,80) (95,95) (98,98)Describe the consumption pattern of the consumer based on the table below unit MU/P (sundae) MU/P fries 1st 8 7 2nd 3 5 3rd 1 0Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. The price of candy bars is $.75 and the price of peanuts is $1.50.a. Construct a table showing the alternative combinations of the two products that are available.b. Plot the data in your table as a budget line in a graph. What is the slope of the budget line? What is the opportunity cost of one more candy bar? Of one more bag of peanuts?Do these opportunity costs rise, fall, or remain constant as each additional unit of the product is purchased?c. How, in general, would you decide which of the available combinations of candy bars and bags of peanuts to buy?d. Suppose that you had won $30 on your ticket, not $15. Show the $30 budget line in your diagram. Why would this budget line be preferable to the old one?
- Give typing answer with explanation and conclusion 1) Suppose consumption bundle A contains 2 books and 5 candy bars, consumption bundle B contains 4 books and 4 candy bars, and consumption bundle C contains 3 books and 2 candy bars. Which of the following CANNOT be the bundle that a consumer likes the most? a.Consumption bundle B b.Consumption bundle C c.Consumption bundle ADiscuss the six approaches to explaining consumption behaviours. (Include graphs andequations where necessary)Explain the concept of spatial equilibrium from the perspective of both consumers and firms. Please includegraphs
- Draw a graph with arcade games on the horizontal axis and newspapers on the vertical axis. Joe has $10 per week to allocate between these commodities. The price of newspapers is $0.50. At the initial price for arcade games of $0.25, Joe purchases 10 newspapers and plays 20 games. When the price of games increases to $0.50, Joe purchases 8 newspapers and plays 12 games. When the price of games increases again to $0.75, Joe buys 5 papers and plays 10 games. Use the information given to calculate Joe’s elasticity of demand for arcade games between $0.25 and $0.50, and between $0.50 and $0.75. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.No hand written solution Please draw both graphs Consider a consumer spending their available income on two goods: medicines and food. Draw a graph showing the consumer maximizing utility given their income. Clearly label the graph. Show what happens to the utility maximizing solution if the price of medicine increases. Draw another graph showing what happens if income increases.Using graph, explain when consumer maximize his utility? - Draw the graph Explanation