Can you help me with these, and please explain how you got the answer.
A consumer is making purchases of products Alpha and Beta such that the marginal utility of product Alpha is 48 and the marginal utility of product Beta is 54. The price of product Alpha is $12, and the price of product Beta is $9. The utility-maximizing rule suggests that, to stay within a given budget constraint, this consumer should Multiple Choice BOO O Increase consumption of product Alpha and decrease consumption of product Beta. O Increase consumption of product Beta and Increase consumption of product Alpha. O Increase consumption of product Beta and decrease consumption of product Alpha. O make no change In the consumption of Alpha or Beta.12 Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4, and the price of product Y is $3.50. The income of the consumer is $25. Product X Product Y Quantity MUX Quantity MUY 32 1 24 2 28 2 20 BOOK 3 24 3 16 4 20 4 12 5 16 5 8 If the consumer buys product X or product Y one unit at a time, which of the following will the consumer's first two purchases be? Multiple Choice O a first unit of Y followed by a first unit of X O a first unit of Y followed by a second unit of Y O a first unit of Y followed by a first unit of x O a first unit of X followed by a second unit of XSuppose Justine and Sarah are playing the dictator game. Justine is the dictator and has $50 to allocate. Based on repeated experiments of the dictator game. what is the least likely outcome for this game? 13 Multiple Choice eBook O $50 for Justine and $0 for Sarah. O $29 for Justine and $21 for Sarah. O $25 for Justine and $25 for Sarah. O $0 for Justine and $50 for Sarah.15 Answer the question on the basis of the following two schedules, which show the amounts of additional satisfaction (marginal utility) that a consumer would get from successive quantities of products J and K. Units of J MUK 32 28 24 :BOOK 20 12 10 8 If the consumer has money income of $28 and the prices of J and K are $8 and $4 respectively. the consumer will maximize her utility by purchasing Multiple Choice O 1 units of J and 5 units of K. O 3 units of J and 1 units of K. O 2 units of J and 3 units of K. O O units of J and 6 units of K.16 Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $3, and the price of product Y is $2 The income olthe consumer is $15. Product 3'! Product Y Quantity Quantity 5 um.\" 95.\" "m.\" "-2-\" -:- when the consumer purchases the Lrtlntyrrnaxirmzing combmation of product )( and product V. total utillty wrll be Multiple Cholce O44. Om 17 The table shows an indifference schedule for several combinations of X and Y. Combination Quantity of X Quantity of Y a 20 1 b 16 C 12 d EBOOK 10 9 How much of X is the consumer willing to give up to obtain the fourth unit of Y? Multiple Choice O 6 O 2 O 2.5 OAnswer 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 $1.5 and $3, 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 18 3. 36 A W 20 40 eBOOK 21 5 42 What level of total utility does the rational consumer realize in equilibrium? Multiple Choice O 182 utils O 63 utlle O 60 utils O 51 utils5 Suppose Justine and Sarah are playing the dictator game. Justine is the dictator and has $100 to allocate. Based on repeated experiments of the dictator game, what amounts, on average, are Justine and Sarah most likely to receive? Multiple Choice eBOOK $100 for Justine and $0 for Sarah. O $58 for Justine and $42 for Sarah. O $50 for Justine and $50 for Sarah. O $0 for Justine and $100 for Sarah.Suppose Justine and Sarah are playing the ultimatum game. Justine is the proposer, has $200 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? 6 Multiple Choice eBook O $200 for Justine and $0 for Sarah O $102 for Justine and $98 for Sarah O $158 for Justine and $42 for Sarah O $0 for Justine and $200 for SarahAnswer the question on the basis ofthe following two schedules, which show the amounts of additional satisfaction [marginal utility} that a consumer would get from successive quantities of products J and K. -m n \"- -- _I_ \"an\" "n\" What level oftolal utility.r is realized from the equilibrium combination of J and K. ifthe consumer hasa money income of $28 and the prices of J and K are $8 and $4. respectively\"? MulupleCholce 0172mm; 168 LI'LIIs 12ml: 0 O 188 Hills 0 9 The table shows the total utility data for products X and Y. Assume that the prices of X and Y are $3 and $4, respectively, and that consumer income is $18. Units of X Total Utility Units of Y Total Utility 1 9 1 16 15 2 28 W N 19 3 36 4 21 10 eBOOK 5 22 5 42 How many units of the two products will the consumer buy to get maximum utility? Multiple Choice O 1 of X and 4 of Y O 2 of X and 2 of Y O 2 of X and 3 of Y O 3 of X and 4 of Y
