This question: 6 point(s) possible 1. According to Dalhousie University food researcher Sylvain Charlebois, how much will the increased cost of dairy add to the annual grocery bill for an average family of O A. $140 O B. $19.30 O C. $400 O D. $200 2. Charlotte enjoys drinking milk. What is her marginal utility from a litre of milk? Charlotte's marginal utility from a litre of milk is O A. the change in total utility she receives from consuming the litre of milk O B. the enjoyment she receives from all the milk she drinks O C. equal to the price she is willing to pay for the litre of milk O D. what she is willing to give up to get the litre of milk 3. How does Charlotte's marginal utility from milk change as she drinks more milk? Charlotte's marginal utility from milk as she drinks more milk. O A. decreases O B. doesn't change O C. increases 4. For Charlotte, milk is a normal good. What income effect and substitution effect does she experience when the price of milk rises? The substitution effect the quantity of milk she drinks and the income effect the quantity of milk she drinks. O A. increases; decreases O B. decreases; increases O C. increases; increases O D. decreases; decreasesEconomics in the News January 27, 2022 First study the news article linked below. Milk price hike expected to hurt cash-strapped families, help struggling farmers 1. According to Dalhousie University food researcher Sylvain Charlebois, how much will the increased cost of dairy add to the annual grocery bill for an average family of four? O A. $140 O B. $19.30 O C. $400 O D. $200 2. Charlotte enjoys drinking milk. What is her marginal utility from a litre of milk? Charlotte's marginal utility from a litre of milk is A. the change in total utility she receives from consuming the litre of milk O B. the enjoyment she receives from all the milk she drinks O C. equal to the price she is willing to pay for the litre of milk O D. what she is willing to give up to get the litre of milk 3. How does Charlotte's marginal utility from milk change as she drinks more milk? Charlotte's marginal utility from milk _ as she drinks more milk. O A. decreases O B. doesn't change O C. increases 4. For Charlotte, milk is a normal good. What income effect and substitution effect does she experience when the price of milk rises? The substitution effect the quantity of milk she drinks and the income effect _ the quantity of milk she drinks. O A. increases; decreases