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11 Assume that a consumer purchases a combination of products Y and Z and that the MUy/Py= 30/2 and MU,/P- = 45/3. To maximize utility. without spending more money. the consumer should Multiple Choice :BOOK O purchase less of Y and more of Z. O purchase more of Y and less of Z. O purchase more of both Y and Z. O make no change in the quantities Y and Z.12 Answer the question on the basis of the following total utility data for products L and M. Assume that the prices of L and M are $3 and $4, respectively, and that the consumer's income is $18 Units of L Total Utility Units of M Total Utility 1 9 1 16 2 15 2 28 3 18 36 4 20 40 BOOK UT 21 5 42 How many units of the two products will the rational consumer purchase? Multiple Choice O 3 of L and none of M O 4 of L and 2 of M O 3 of L and 5 of M O 2 of L and 3 of M13 Answer the question on the basis of the following total utility data for products L and M. Assume that the prices of L and M are $3 and $4, respectively. and that the consumer's income is $25 Units of L Total Utility Units of M Total Utility 1 9 1 16 15 28 W N 18 AWN 36 4 20 40 BOOK 21 5 42 What level of total utility does the rational consumer realize in equilibrium? Multiple Choice O 162 utils O 86 utils O 58 utils O 51 utils14 Number of Units of Total Commodity Utility 3 36 4 80 150 252 eBook 350 446 Refer to the table. What is the marginal utility of the eighth unit? Multiple Choice O 55 O 90 O 440 O 404The first Pepsi yields Craig 20 units of utility and the second yields him an additional 14 units of utility. His total utility from three cans of Pepsi is 40 units of utility. The marginal utility of the third Pepsi is 15 Multiple Choice BOOK O 26 units of utility. O 34 units of utility. O 6 units of utility. O 40 units of utility.The table shows the marginal-utility schedules for goods A and B for a hypothetical consumer. The price of good A is $1, and the price of good B is $2. The income of the consumer is $8. 16 Good A Good B Quantity MUA Quantity MUE 1 10 1 16 2 9 2 14 3 3 12 Book 4 4 10 5 6 8 6 6 6 4 4 If the consumer spends the given budget and gets maximum utility out of it, then she is receiving how much satisfaction from each dollar spent on the final unit of good A consumed? Multiple Choice O 14 utils per dollar O 7 utils per dollar O 8 utils per dollar O 4 utils per dollarSuppose Justine and Sarah are playing the ultimatum game. Justine is the proposer, has $30 to allocate, and Sarah can accept or reject the offer. Based on repeated experiments of the ultimatum game. what combination of payouts to Justine and Sarah is most likely to occur? 17 Multiple Choice eBook O $30 for Justine and $0 for Sarah O $16 for Justine and $14 for Sarah O $20 for Justine and $10 for Sarah O $0 for Justine and $30 for Sarah18 Assume that a consumer purchases a combination of product A and product B such that the MU;/P; = 4 and MUp/Pp = 6. To maximize utility without spending more money, the consumer should Multiple Choice eBook O purchase more of product A and less of product B. O purchase less of product A and more of product B. O purchase more of both product A and product B. O make no change in purchases of products A and B.