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Here are the questions Soccer Games $40 Baseball Games $20 Quantity Total Marginal Utility Utility MU/P Quantity Total Marginal Utility Utility MU/P 0 0 0

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Soccer Games $40 Baseball Games $20 Quantity Total Marginal Utility Utility MU/P Quantity Total Marginal Utility Utility MU/P 0 0 0 0 240 330 380 2 510 3 480 3 630 560 690 5 540 720 Question 26 options: The table details the total utility that J.J. gets from going to see soccer and baseball games during a month. J.J. had $200 to spend. Calculate the marginal utility and the marginal utility per dollar spent for both soccer and baseball games, given that the price is $40 and $20 respectively. Based on your calculations: how many soccer games would he attend? how many baseball games would he attend?Below is the production possibility schedule for an economy. Ill-lax. Annual Quantity of potatoes Quantity of sh output options (pounds) (pounds) 1. Is it possible to produce 500 lbs sh and 800 lbs potatoes? Why or why not? Explain. 2. What is the opportunity cost of increasing the annual output of potatoes from 600 to 300 lbs? 3. What is the opportunity cost of increasing the annual output of potatoes from 200 to 400 lbs? 4. |Suppose the economy is producing 300 lbs of potatoes & 300 lbs ofsh. What is the opportunity cost of producing 350 lbs of more sh? 5. Is the combination 600 lbs potatoes & 400 lbs sh efcient? Why or why not? Explain your

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