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Question 20 The following table shows Pierre's utility for bagels and cider. Not yet answered Quantity Bagels: Marginal Utility Cider: Marginal Utility Points out of
Question 20 The following table shows Pierre's utility for bagels and cider. Not yet answered Quantity Bagels: Marginal Utility Cider: Marginal Utility Points out of 2.00 20 20 2 10 16 P Flag question 3 8 12 4 3 9 5 Refer to the above information to answer this question. If Pierre has a budget of $12 and the price of each bagel and each cider are $2, what will be his optimal purchase based on MU for each consumption item? Select one: O A. 3 bagels and 3 ciders. O B. 4 bagels and 2 ciders. O C. 1 bagel and 5 ciders. O D. 2 bagels and 4 ciders. O E. 5 bagels and 1 ciders.Question 23 Table 5.13 Not yet Quantity Consumed answered Total Utility Points out of 30 2.00 2 55 Flag question 3 75 4 90 5 100 6 105 7 105 8 100 Refer to Table 5.13 to answer this question. With the consumption of what quantity is marginal utility equal to zero. Select one: O A. 7. O B. 8. O C. 5. OD. 1.Question 22 Table 5.13 Not yet Quantity Consumed answered Total Utility 30 Points out of 2.00 55 P Flag question 3 75 90 5 100 6 105 105 8 100 Refer to Table 5. 13 to answer this question. What is the marginal utility of the 5th unit? Select one: O A. 20 O B. 10. O C. 100 O D. Cannot be answered from this information.Question 21 The following table shows Pierre's utility for bagels and cider. Not yet answered Quantity Bagels: Marginal Utility Cider: Marginal Utility Points out of 20 20 2.00 2 10 16 P Flag question 3 8 12 A 9 5 3 Refer to the above information to answer this question. If Pierre has a budget of $12, the price of each cider is $2, what will be his optimal purchase based on MU? Select one: O A. 2 bagel and 5 ciders. O B. 6 bagels and 3 ciders. O C. 10 bagels and 1 ciders O D. 8 bagels and 2 ciders. O E. 4 bagel and 4 ciders
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