Output Total Product C 0 A B C D E QuantitvofLabc-r 16. In Figure 73-], average product reaches a maximum at point A) A. B) B. e} c. D) 0. Version 2 Page 1 17". In Figure T-l , marginal product reaches a maximum at point A) A. B) B. e} c. D) D. 18. In Figure 73-1, beyond point D A) total product remains constant. B) marginal product becomes negative. C} average product is negative. D) average product reaches a maximum. 6. (Figure: Coffee and Energy Drinks I) Coffee 10 (cups) 9 U2 2 3 4 5 6 7 8 9 10 Energy drinks (cans) Suppose the consumer has $10 to spend on energy drinks and coffee. Which of the following figures the consumer's demand curve for energy drinks? (a) (b) Price Price $5 $5 - N C - D 0 Quantity of Quantity of 1 2 3 4 5 6 7 8 9 10 energy drinks 1 2 3 4 5 6 7 8 9 10 energy drinks (c) (d) Price Price $5 - $5 - +D Quantity of Quantity of 1 2 3 4 5 6 7 8 9 10 energy drinks 1 2 3 4 5 6 7 8 9 10 energy drinks a. panel (d) b. panel (c) c. panel (a) d. panel (b)4. (Figure: Price and Quantity of Vocal Lessons I) Suppose Lizzie and Miranda are the only two customers in th market for voice lessons. Lizzie's demand is OM = 40 - 4P, and Miranda's demand is Ov = 75 -5P. Which represents the market demand for vocal lessons? (a) (b) Price per $15 Price per $15 vocal lesson vocal lesson 10 10 5 5 D 0 20 60 100 115 140 0 20 60 100 115 140 Quantity of Quantity of vocal lessons vocal lessons (c) (d) Price per $15 Price per $15 vocal lesson vocal lesson 10 - 10- 5 5 D 0 10 30 50 70 0 10 30 50 70 Quantity of Quantity of vocal lessons vocal lessons a. panel (a) b. panel (b) c. panel (d) d. panel (c)2. Suppose a consumer is consuming a market basket where MUY = 15, MUX = 10, Pr: $2, and PX: $1. Which of the following statements is TRUE? a. The oonsurner is maximizing utility. b. The consumer could increase utility by giving up 2 units of good X for 1 unit of good if c. The consumer could increase utility by giving up 1 unit of good onr 2 units of good X. d. The consumer is receiving more marginal utility per dollar from good Ythan from good X