Hi, need this ASAP please

Consider the indifference curve shown. This would most likely represent an indifference curve for |:| which are |:|. Coke Other good 9'0 Identify whether Claudia's expenditure on each product should rise or fall in order to maximize utility. Assume that Claudia's consumption choices are using up her entire budget. Marginal Utility of X Marginal Utility of Y (units of utility) Price of X (5) (units of utility) Price of Y (5) 4 8 3 4 To maximize utility, Claudia should 0 A. not change her expenditures. B. buy more of good X and less of good Y. O C. buy less of each good. 0 D. buy more of each good. 0 E. buy less of good X and more of good Y. Suppose a utility-maximizing consumer is usually purchasing two substitutes, good Aand good B. What would be the likely impact of an increase in the price of good A on this consumer's usual consumption bundle? O A. An increase in the consumption of both goods. 0 B. A decrease in the consumption of both goods. 0 c. A decrease in the consumption of good A and an increase in the consumption of good B. O D. A decrease in the consumption of good B and an increase in the consumption of good A. If the price of an inferior good rises, the income effect 0 A. will decrease consumption of the good, and the substitution effect will have an uncertain effect on its consumption. 0 B. and the substitution effect will both increase consumption of the good. (Q C. and the substitution effect will both decrease consumption of the good. 0 D. will increase consumption of the good, and the substitution effect will decrease its consumption. 0 E. will have an uncertain effect on consumption of the good, and the substitution effect will decrease its consumption. Draw a demand curve for a Giffen good. Using the line drawing tool, draw the demand curve and label the curve. Carefully follow the instructions above, and only draw the required object. 50 40 b: 0 Price ($ per unit) 8 10 99 O 10 2'0 3'0 Quantity (units) 40 50 Suppose that a market consists of 100 buyers who are each willing to buy at most one unit of a good. Willingness to pay is equal to: $20 for the rst 20 buyers $18 for the following 10 buyers $12 for the following 20 buyers $6 for the following 20 buyers $4 for the following 30 buyers What happens to consumer surplus if price falls from $7 to $5? 0 A. rises by $200 0 B. falls by $200 0 c. rises by $120 0 D. rises by $100 0 E. None of the above If the average product is 2 units and the marginal product is 3 units, the O A. marginal product will rise. 0 B. average product will rise. 0 0. average product will fall. 0 D. marginal product will fall. Bob produces cakes. The average total cost reaches its minimum at a quantity 0 A. the same as the quantity at which the average variable cost reaches its minimum. 0 B. the same as the quantity at which the average fixed cost is at a minimum. 0 C. the same as the quantity at which the average fixed cost is at a maximum. 0 D. lower than the quantity at which the average variable cost reaches its minimum. 0 E. greater than the quantity at which the average variable cost reaches its minimum. An electronic-parts manufacturer with U-shaped short-run cost curves is producing 12,000 units per month and has short-run costs as follows: ATC = $7.50, AVC = $5.00, AFC = $2.50, MC = $8.20. a. At this level of output, has the rm started experiencing diminishing marginal and average returns? How do you know/.7 At this level of output, the rm i started experiencing diminishing marginal and average returns. Diminishing marginal returns correspond to El V , and diminishing average returns correspond to V V . Since the rm has U-shaped cost curves and since : is greater than V , both of these costs must be