« previous next »

Author Question: The table above gives the utility from pens and pencils. If the consumer has an income of 4, pens ... (Read 162 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
The table above gives the utility from pens and pencils. If the consumer has an income of 4, pens cost 1, and pencils cost .20, what is the consumer's total utility when he or she maximizes utility?
 
  A) 374
  B) 225
  C) 405
  D) 365

Question 2

The above figure depicts the market for video games. If the government imposed a 3 per game tax on sellers, what would be tax revenue?
 
  A) less than 18
  B) 18
  C) more than 18
  D) More information is needed to determine if the tax revenue is more than, less than, or equal to 18.


juwms

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Periodic Table Periodic Table
Drugs and their effect table Drugs and their effect table
Body mass index table. Body mass index table.
List transformations and Create a table of values for the following log function: List transformations and Create a table of values for the following log function:
Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ... Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ...
Table - Correlation Analysis Table - Correlation Analysis
Video: Stroke volume - preload, sarcomere length and Frank -Starling law

For a complete list of videos, visit our video library