Author Question: The table above gives the utility from pens and pencils. If the consumer has an income of 4, pens ... (Read 157 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
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
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

For a complete list of videos, visit our video library