Business

EconomicsQ&A LibraryQuarts ofice creamTotal utility from ice cream00180215032104260 From the information in the above table, what is the marginal utility of the third quart of ice cream?A) 80B) 70C) 60D) 230 Pizza PepsiSlices per weekTotal utilityQuantity per weekTotal utility0000110017021502130317531804190422051955250 The table shows Elaine's utility from pizza and Pepsi. If Elaine consumes 2 slices of pizza and 3 Pepsis, her marginal utility from the fourth Pepsi is ________ units.A) 60B) 54C) 40D) 220 Fritos Fruit drinksQuantityTotalutilityQuantityTotalutility000014015027529531053135413041705150520061656225 The table above shows the total utility from the two goods Freddy likes to consume. The marginal utility Freddy receives from consuming an extra bag of FritosA) depends on the quantity of fruit drinks consumed.B) decreases as he consumes more bags of Fritos.C) decreases as he consumes more fruit drinks.D) equals 75 when he consumes 2 bags of Fritos. The table above shows the total utility from the two goods Freddy likes to consume. Suppose that Freddy has already eaten 5 bags of Fritos. If he consumes one more bag, his marginal utility willA) equal 40.B) equal 35.C) equal 15.D) depend on the price of the extra bag. The table above shows the total utility from the two goods Freddy likes to consume. If Freddy has consumed 4 fruit drinks and then decides to drink anotherA) his total utility will increase.B) the marginal utility from the 5th drink equals 30.C) the marginal utility from the 5th drinks equals 50.D) Both answers A and B are correct.Question

Asked Mar 24, 2020

59 views

Quarts of ice cream |
Total utility from ice cream |

0 |
0 |

1 |
80 |

2 |
150 |

3 |
210 |

4 |
260 |

- From the information in the above table, what is the marginal utility of the third quart of ice cream?
- A) 80
- B) 70
- C) 60
- D) 230

Pizza Pepsi

Slices per week |
Total utility |
Quantity per week |
Total utility |

0 |
0 |
0 |
0 |

1 |
100 |
1 |
70 |

2 |
150 |
2 |
130 |

3 |
175 |
3 |
180 |

4 |
190 |
4 |
220 |

5 |
195 |
5 |
250 |

- The table shows Elaine's utility from pizza and Pepsi. If Elaine consumes 2 slices of pizza and 3 Pepsis, her marginal utility from the fourth Pepsi is ________ units.
- A) 60
- B) 54
- C) 40
- D) 220

Fritos Fruit drinks

Quantity |
Total utility |
Quantity |
Total utility |

0 |
0 |
0 |
0 |

1 |
40 |
1 |
50 |

2 |
75 |
2 |
95 |

3 |
105 |
3 |
135 |

4 |
130 |
4 |
170 |

5 |
150 |
5 |
200 |

6 |
165 |
6 |
225 |

- The table above shows the total utility from the two goods Freddy likes to consume. The marginal utility Freddy receives from consuming an extra bag of Fritos
- A) depends on the quantity of fruit drinks consumed.
- B) decreases as he consumes more bags of Fritos.
- C) decreases as he consumes more fruit drinks.
- D) equals 75 when he consumes 2 bags of Fritos.

- The table above shows the total utility from the two goods Freddy likes to consume. Suppose that Freddy has already eaten 5 bags of Fritos. If he consumes one more bag, his marginal utility will
- A) equal 40.
- B) equal 35.
- C) equal 15.
- D) depend on the price of the extra bag.

- The table above shows the total utility from the two goods Freddy likes to consume. If Freddy has consumed 4 fruit drinks and then decides to drink another
- A) his total utility will increase.
- B) the marginal utility from the 5th drink equals 30.
- C) the marginal utility from the 5th drinks equals 50.
- D) Both answers A and B are correct.

Step 1

We are authorized to answer one question at a time, since you have not mentioned which question you are looking for, so we are answering the first one, please repost your other question separately if you want to get answered.

The utility represents the level of satisfaction by consuming some goods and services.

The marginal utility is the additi...

Find answers to questions asked by student like you

Show more Q&A

Q: what is the impact of a contractionary policy on the U.S. economy from a new keynesian point of view...

A: The Taylor rule is an interest rate projection model propounded by famous economist John Taylor in 1...

Q: 4:11 ll 5GE A bartleby.com – Private 3. Profit maximization using total cost and total revenue curve...

A: We use the following formula to calculate Dmriti’s TR, Profit, MR and MC: Total Revenue (TR) = Pri...

Q: Almonds are a crop that grows on trees. Farmers do not need to replant trees every year to produce a...

A: Price elasticity of supply for a product is the proportional change in supply due to unit change in ...

Q: #6. The market equilibrium occurs where price is __________ and quantity is _________. a. $4; 2 b. $...

A: Internal costs added to external costs and equated to price achieves social market equilibrium. Inte...

Q: What makes a monopolistic competitive firm different from that of a monopoly? From an economic persp...

A: The monopoly market and monopolistic competitive market, both are the market structure, with some di...

Q: Which would shift the production function upward? Group of answer choices An increase in the price...

A: Production function is the relationship between the quantity produced and the factors used in produc...

Q: II. (Fill in the blanks.) 1.Consumers will tend to buy more of the good that has become (..............

A: The Law of Demand states inverse relation between price and quantity demanded. This is due to price ...

Q: In 2019, a single individual with three children can receive the earned income tax credit (EITC), de...

A: Since, you have asked multiple question, we'll solve first question 'a' part for you. If you want an...

Q: define the Ordinary Least Squares Estimator OLS Estimates of the Relationship Between Test Scores an...

A: Ordinary least squares (OLS) method is a type of linear least square method which is used for estima...