« previous next »

Author Question: The table above gives the utility from pens and pencils. If the consumer has an income of 4, pens ... (Read 161 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?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

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?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Umberto Boccioni, Table + Bottle + House. Umberto Boccioni, Table + Bottle + House.
Ten Leading Causes of Death in High-Income Countries, 2008 Ten Leading Causes of Death in High-Income Countries, 2008
Effleurage to the entire back to apply oil. Stand at the side of the table near the recipient’s ... Effleurage to the entire back to apply oil. Stand at the side of the table near the recipient’s ...
table table
Philip wants to supplement his pension by $415 per month with income from his investments. His ... Philip wants to supplement his pension by $415 per month with income from his investments. His ...
The Chi-Square Table The Chi-Square Table
Video: Inflammation Animation

For a complete list of videos, visit our video library