v mymodules.dtis.unisa.ac.za () C + untitled folder v Apple Bing Yahoo N Home -... F FMovie... Blackbo.. New Edi... ) Unisa o... myUnisa - Assess... Homew.. G Bard ChatGPT Which... [Solved... my UNISA myModules v myAdmin of south africa Dashboard OM v Moses has R160 to spend on beer and steak. He will maximise his utility if he buys steaks and beers. Quiz navigation Academic Integrity Question 11 This question is based on the following table. 1 Not yet answered Number Toffees Lollipops Sugar sticks Marked out of Total utility Total utility Total utility 1 2.00 1 27 45 33 2 3 Flag 2 51 85,5 63 question 3 72 121,5 100 2 4 90 153 124 4 5 6 5 105 180 145 6 117 202,5 163 7 126 220,5 178 9 Suppose a toffee cost RO,50, a lollipop cost R1,50 and a sugar stick cost R1,00. Thabang has R16,00 4 available to spend on sweets. He will be in equilibrium if he buys toffees, lollipops and 10 11 sugar sticks. Finish attempt ... Previous page Finish attempt ... ?v mymodules.dtis.unisa.ac.za () C + untitled folder " Apple Bing Yahoo N Home -... F FMovie... Blackbo... New Edi... ) Unisa o... myUnisa - Assess... Homew... G Bard ChatGPT Which... [Solved... my UNISA 15 Dashboard myModules v myAdmin OM v I of south africa Back Quiz navigation Question 4 Based on the following information on the marginal utility and price of ice cream, chocolate, cool drink Not yet Academic Integrity answered and bread: 1 Marked out of The marginal utility of chocolate is 72 and the price is R3. 1.00 The marginal utility of ice cream is 100 and the price of ice cream is R5. Flag question The marginal utility of cool drink is 120 and the price is R10. 2 3 The marginal utility of bread is 60 and the price is R12. 5 Which one has the highest weighted marginal utility 2 4 5 6 O ice cream O cold drink O bread 9 chocolate 4 10 11 Question 5 Marginal utility is Not yet Finish attempt ... answered the extra utility that a consumer derives from consuming an additional unit of a good. Marked out of 1.00 O the point where total utility eventually declines. Flag O when the consumer's total utility increases at a decreasing rate. question O the sum of all the total utilities. ?v mymodules.dtis.unisa.ac.za () C + untitled folder Apple Bing Yahoo N Home -.. F FMovie... Blackbo... New Edi... ) Unisa o... myUnisa - Assess... Homew... G Bard ChatGPT Which... [Solved... my UNISA 15 Dashboard myModules v myAdmin OM v I of south africa Question 6 The relationship between total utility and marginal utility is as follows: Not yet answered When total utility is at a maximum point, marginal utility is at its maximum. Quiz navigation Marked out of 1.00 O As total utility starts to decline, marginal utility becomes positive. Academic Integrity Flag 1 As total utility increases at a decreasing rate, marginal utility increases. question As total utility increases at a decreasing rate, marginal utility decreases. 1 2 3 Question 7 Which of the following examples illustrates the law of diminishing marginal utility? Not yet 2 answered I do not eat bananas, as they make me nauseous. 4 6 Marked out of 1.00 O The more Will Smith movies I watch, the more I like them. Flag O A mother loves all her children equally. question 9 O After I had drunk a Coca-cola, I bought another, but it was not as good as the first. 4 10 11 Previous page Next page Finish attempt ... Previous activity Next activity Jump to... Assessment 7 Forum - Assessment 8