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Author Question: The table above gives the utility from pens and pencils. If the consumer has an income of 4, pens ... (Read 100 times)

Engineer

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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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


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