English Help
September 24, 2021
Consider a 500-gallon tank that needs to be filled when the level goes below 25 gallons and will stop when…
September 24, 2021
Here is the background information: A consumer spends her income on nuts (n) and fruits (f) both of which are measured in units in pounds. THe total utility is shown below: #of units consumed TU(n) TU(f) 0 0 0 1 64 32 2 96 48 3 112 56 she has a budget of $12 and P(n)= $2, and P(f) = $1 Question: Would Q(n) = 5 and Q(f = 2 be utility maximizing? Explain not in reference to TU but MU or marginal utility I said yes, because the marginal utility for both n and f is the same (I used the marginal utility rule), but I don’t know if that is correct, help?
 
"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code "Newclient"

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp