Question
1a)Tom's marginal utility of Pizza are reflected in the below table. What is the total utility of consuming 5 pizzas? Quantity of Pizza Marginal Utility
1a)Tom's marginal utility of Pizza are reflected in the below table. What is the total utility of consuming 5 pizzas?
| Quantity of Pizza | Marginal Utility of Pizza |
| 1 | 8 |
| 2 | 7 |
| 3 | 6 |
| 4 | 5 |
| 5 | 4 |
| 6 | 3 |
b) One of the inputs to produce cars is steel. If there is an increase in the price of steel, what will happen to the price of tires? Explain using graphs and words. Hint: Tires and cars are compliments.
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Microbiology A Systems Approach
Authors: Marjorie Kelly Cowan
5th Edition
1259947963, 9781259947964
