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I need help to complete the following exercise because I'm not sure how to do the calculations and if the consumer equilibrium in the table
I need help to complete the following exercise because I'm not sure how to do the calculations and if the consumer equilibrium in the table is true or false.
B ECON 205-201 Principles of Mic X MindTap - Cengage Learning X B Ch06_PPT_SextonMicro5ce_Exp X B Ch05 Elasticity-V2 - 21F --Princ ECON205 - Homework04 - 509 X + C O D O & https:/g.cengage.com/staticb/ui/evo/index.html? deploymentld=59609925453749240608786029&elSBN=97: & ED G E CENGAGE | MINDTAP Q Search this course ? Giulia Aplia Homework: Consumer Choice and Market Efficiency O X 4. Finding the optimal combination of two goods Becky enjoys consuming both milk and juice. Each glass of milk costs PM = $1, and each glass of juice costs Py = $2. Suppose that Becky buys 75 glasses of milk and 50 glasses of juice per month. The following graphs show her marginal utility curves for milk and juice. At her current consumption A-Z level, Becky's marginal utility from consuming the last glass of milk she bought is MUM = 12 utils per glass, and her marginal utility from consuming the last glass of juice she bought is MU, = 12 utils per glass. (? (?) 24 24 20 20 bongo 12 MU OF MILK (Utils per glass) N MU OF JUICE (Utils per glass) 00 A 50 75 100 125 O 25 150 25 75 100 MILK (Glasses) 50 125 150 JUICE (Glasses) O Is Becky currently maximizing her utility?k > G as '17) O E. httpszllng.cengagecom/staticblui/evo/index.htmI?deploymentld=59609925453749240608786029&eISBN=9'. it; a; CENGAGE | MINDTAP Aplia Homework: Consumer Choice and Market Efciency Is Becky currently maximizing her utility? O No; she could buy more juice and less milk, not spend any more money, and be better off. 0 No; she likes juice and milk more than other goods, so she should buy more of both. 0 Yes; the marginal utility she receives from her last glass of milk equals that of her last glass of juice. (9 No; she could buy less juice and more milk, not spend any more money, and be better off. For each of the following combinations of milk and juice, calculate the marginal utility per dollar from the last glass of milk and the last glass of juice. Then, use the dropdown menus in the last column to indicate which of the combinations satisfy the condition for consumer equilibrium. Milk Juice Combination {Glasses} MP\"f' {Glasses} Alp['1' Consumer Equilibrium? A 100 100 L B 75 50 L c 125 100 L o 25 25 L Suppose Becky has a beverage budget of $325 per month, which she spends on milk and juice. To maximize her utility, Becky will purchase glasses of milk andclglasses ofjuice per month. Grade It Now Save & Continue Continue without savingStep by Step Solution
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