1.The price of hamburgers is $3 this month. His marginal utility for the 20th hamburger is ______.

1 util

2 utils

10 utils

15 utils

30 utils

2.The price of hamburgers is $5 this month. The total revenue the hamburger seller receives from Adam this month is ______.

Question 5 options:

$5

$10

$25

$50

$100

3.The price of hamburgers decreases from $3 to $2 during the next month. This represents a elasticity of demand of 1.36. This can be categorized as _______.

Question 6 options:

inelastic

unit elastic

elastic

perfect elasticity

perfect inelasticity

Below is the graphic for questions 1 and 2

The following is Adam's monthly schedule of how many mini hamburgers he eats depending upon the price of the hamburger. Quantity Purchased / Consumed Price Total Utility $5 10 utils 10 $4 20 utils 20 $3 30 utils 35 $2 35 utils 55 $1 35 utils