1) Assume Maisey works at MacNasties, a topnotch fastfood restaurant where Maisey earns $9.009.00 per hour. Maisey took the day off from MacNasties today to go see the Yankees play the Brewers live at the local stadium. Maisey paid $50.0050.00 for a non-refundable ticket, but after the third inning, the Yankees are losing 14-0 to theBrewers.

Although Maisey is no longer enjoying the game, she does not really have any other ideas on how to spend the afternoon. Then, she gets a text from Dora, one of her coworkers, asking if Maisey would be willing to come in and work the rest of Dora's shift for her. Maisey calculates that if she left the game immediately, she could get to MacNasties in time to pick up three paidhours.

Should Maisey leave or stay at thegame? (choose the correct one)

-She should leave and go work the extra hours at MacNasties.

-She should take over Dora's shift only if she earns more than the ticketprice.

-There is not enough information to determine what she shoulddo.

-She should stay because she paid $50.00 for thegame

2) Ariel loves to eat baklava so much that she finds it difficult to stop. However, it gets easier for her to stop eating as each baklava is consumed. The first baklava gives her a satisfaction level of 16 utils. The second baklava gives her half as much satisfaction as the first one. The third baklava gives her half as much satisfaction as the second, and soon.

Place points A, B, C, and D on the diagrams to depict the total and marginal utilities of baklavaconsumption.

\fSuppose that Sam allocates his income between milk and Milk (gallons) MUmilk Cereal (boxes) cereal. Milk costs $2.50/gallon and cereal costs $5.00/box. MU cereal 0 Sam has $50/week to spend on these two goods. The table 0 2 shows Sam's preference for consumption bundles as well as 16 135 how Sam's marginal utility (MU) for milk and cereal, 4 15 2 120 respectively, varies as consumption varies. 6 13 3 105 8 9 Given the information provided here, how should Sam 4 90 allocate his income between milk and cereal? 10 8 5 75 12 7 6 60 As this is his optimal consumption bundle, Sam 14 should purchase 6 45 16 5 8 30 18 4 9 12 20 3 10 8 gallons of milk and boxes of cerealBrad is a broke college student who consumes only coffee and pizza. Coffee is $2 per cup, and pizza is $5 per pizza. Brad's weekly budget constraint is shown. On the graph, show how his budget constraint would change if Brad gets an additional $10 per week from his grandmother. 15 Coffee (cups per week) Budget constraint 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Pizza (number per week)Ariel loves to eat baklava so much that she finds it difficult to stop. However, it gets easier for her to stop eating as each baklava is consumed. The first baklava gives her a satisfaction level of 16 utils. The second baklava gives her half as much satisfaction as the first one. The third baklava gives her half as much satisfaction as the second, and so on. Place points A, B, C and D on the diagrams to depict the total and marginal utilities of baklava consumption. Marginal utility 20 A B C D 18 16 14 12 Marginal utility 10 CO 4 2 0 0.0 1.0 2.0 3.0 4.0 5.0 Quantity