« previous next »

Author Question: The table above gives the utility from pens and pencils. If the consumer has an income of 4, pens ... (Read 147 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?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
table table
Periodic Table of the Elements Periodic Table of the Elements
How to determine if a table of values represents a function How to determine if a table of values represents a function
Health and Income per Capita: Two Views Health and Income per Capita: Two Views
graphic(04-40.jpg) Mary pushes horizontally on a large, heavy table which is s graphic(04-40.jpg) Mary pushes horizontally on a large, heavy table which is s
Video: System organization - PPM system types (Somatic, Autonomic & Enteric) and Reflex arc types

For a complete list of videos, visit our video library