Please provide graph
5. Deriving demand from a marginal utility table with two goods Juanita has a $25 cosmetics budget that she uses to buy nail polish and lipstick. Assume the price of nail polish (Px) is fixed at $5. Table A shows Juanita's marginal utility (MU) and marginal utility per dollar (M) she receives from the first through fifth bottles of nail polish she buys each month. Toble shows the same information for lipstick when the price of a tube of lipstick (P.) is either $10 or $5. Assume that Juanita is a rational consumer who wants to maximize her utility Nail Polish (Bottles) 0 Table A MU MU/P (utils) (FPS) 75 15 1 60 12 2 MAAA 10 3 SO 35 7 4 15 3 Lipstick MU (Tubes) (utils) Table B MU/P (II P $10) (IP 65) 0 100 10 20 1 80 8 2 16 60 6 12 3 A 40 4 4 8 10 1 5 2 If the price of a tube of lipstick is $10, the price of a bottle of nail polish is $5, and Juanita spends her entire budget of $25, she will choose to buy of nail polish and of lipstick Now, suppose that lipstick goes on sale, and its price decreases to $5. Juanita's utility is now maximized if she buys of lipstick of nail polish and Suppose the price of nail polish is fixed at $5, and Juanita's budget is fixed at $25. On the graph, use the blue line (circle symbols) to plot Juntas demand for lipstick Do this by placing one blue point (arcle symbol) on Juanitas demand for lipstick when the price is $10 and the second blue point on Juanita's demand for lipstick when the price is $5. 1f the price of a tube of lipstick is $10, the price of a bottle of nail polish is $5, and Juanita spends her entire budget of $25, she will choose to buy of nail polish and of lipstick O bottles e that lipstick goes on sale, and its price decreases to $5. Juanita's utility is now maximized if she buys 4 bottles of lipstick of nail polish and 2 bottles price of nail polish is fixed at $5, and Juanita's budget is fixed at $25. 3 bottles 1 bottle use the blue line (cirde symbols) to plot Juanita's demand for lipstick. Do this by placing one blue point (circle symbol) on Janita's dem TOT lipstick when the price is $10 and the second blue point on Juanita's demand for lipstick when the prices $5. If the price of a tube of lipstick is $10, the price of a bottle of nail polish is $5, and Juanita spends her entire budget of $25, she will choose to buy of nail polish and of lipstick O tube Now, suppose that lipstick goes of lipstick its price decreases to $5. Juanita's utility is now maximized if she buys of nail polish and 4 tubes 3 tubes Suppose the price of nail polish is and Juanita's budget is fixed at $25. 2 tubes On the graph, use the blue lined 1 tubes) to plot Niania's demand for Bestick. Do this by placing one bile point de symbol) on Juanita's demand for lipstick when the price and the second blue point on Juanita's demand for lipstick when the price It the price of a tube of lipstick is $10, the price of a bottle of nail polish is $5, and Juanita spends her entire budget of $25, she will choose to buy of nail polish and of lipstick Now, suppose that lipstick goes on sale, and its price decreases to ss. Juanita's utility is now maximized she buys of lipstick of nail polish and battle Suppose the price of nail polish is fixed at $5, and Juanita's budget is fixed at $25. 1 bottles 2 bote On the graph, use the blue line (circle symbols) to plot Juanita's demand for lpstick. Do this by placing one blue pow bel) on unita's 1 bottle demand for lipstick when the price is $10 and the second blue point on Juanita's demand for lipstick when the pnce O bottles If the price of a tube of lipstick is $10, the price of a bottle of nail polish is $5, and Juanita spends her entire budget of $25, she will choose to buy of nail polish and of lipstick Now, suppose that lipstick goes on sale, and its price decreases to $5. Juanita's utility is now maximized It she buys of lipstick of nail polish and 4 tubes le price of nail polish is fixed at $5, and Juanita's budget is fixed at $25 O tubes 3 tubes bh, use the blue line (circle symbols) to plor Juanita's demand for Apstick. Do this by placing one blue powtarde symbol) on Monica lipstick when the price is $10 and the second blue point on Juanita's demand for apstick when the prices $5 2 tubes 1 tube On the graph, use the blue line (circle symbols) to plot Juanita's demand for lipstick. Do this by placing one blue point (circle symbol) on Juanita's demand for lipstick when the price is $10 and the second blue point on Juanita's demand for lipstick when the price is $5. 15 Juanita's Demand PRICE Dollars per tube 3 QUANTITY (Tubes of lpsock)
