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Pls put some efforts to do it, I will definitely upvoted for correct answer! Toffee (bars) Cashews (bags) Marginal Total Marginal Total Units Utility Utility
Pls put some efforts to do it, I will definitely upvoted for correct answer!
Toffee (bars) Cashews (bags) Marginal Total Marginal Total Units Utility Utility Utility Utility 10 10 12 12 18 10 22 23 29 26 34 NouhwN- 27 O - NUN 36 27 37 27 37 If the prices of toffee bars and bags of cashews are both $2 and this consumer has $6 per week to spend on these two snacks, how many of each will he/she purchase to maximize utility? O A. 2 toffee bars and 7 bags of cashews O B. 6 toffee bars and 5 bags of cashews O C. 5 toffee bars and 6 bags of cashews O D. 7 toffee bars and 4 bags of cashews O E. 1 toffee bar and 2 bags of cashewsb. Compute the marginal utility for each avocado and fill in the table. Total Utility Marginal Utility Avocados (in utils) (in utils) Zero 0 First 75 75 Second 130 55 Third 165 35 Fourth 190 25 Fifth 210 20 Sixth 225 Seventh 235 15 Eighth 240 10\fCarefully follow the instructions above, and only draw the required object. d. Explain why it is reasonable that Brett's utility increases by smaller and smaller amounts for each successive avocado consumed. (Select all that apply.) A. Because total utility increases at an increasing rate as each avocado is consumed B. Because total utility increases at a decreasing rate as each avocado is consumed C. Because marginal utility decreases as each avocado is consumed D. Because marginal utility increases as each avocado is consumed E. Because total utility decreases as each avocado is consumed OF. Because total utility increases as each avocado is consumed G. Because each successive avocado consumed offers less utility than the one before H. Because each successive avocado consumed offers more utility than the one beforeStep by Step Solution
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