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B.1.4.1 Teaching Quiz

B.1.4.1 Teaching Quiz

Q Question 1 1 / 1 pts Refer to the information provided in Table 6.2 below to answer the questions that follow. Table 6.2 Number of Candy Bars per Day Total Utility Marginal Utility 1 40 2 75 3 100 4 115 5 5 Number of Hot Dogs per Day Total Utility Marginal Utility 1 30 2 54 3 72 4 84 5 6 Refer to Table 6.2. The marginal utility of the second candy bar per day is Question 2 1 / 1 pts Refer to the information provided in Table 6.2 below to answer the questions that follow. Table 6.2 Number of Candy Bars per Day Total Utility Marginal Utility 1 40 2 75 3 100 4 115 5 5 Number of Hot Dogs per Day Total Utility Marginal Utility 1 30 2 54 3 72 4 84 5 6 Refer to Table 6.2. The total utility of five candy bars per day is Question 3 1 / 1 pts Richard is consuming X and Y so that he is spending his entire income and MUx/Px = 6 and MUy/Py = 10. To maximize utility, he should Question 4 1 / 1 pts Sue is maximizing her utility. Her MUx/Px=10 and MUy=40. Then the price of Y must be Question 5 1 / 1 pts The marginal utility of the first cup of coffee that Tom drinks in the morning is worth $2.00. The marginal utility of the 9th cup of coffee he drinks is positive while the marginal utility of the 10th cup of coffee he drinks in the morning is worth $0. This implies that at a price of $0, Tom would drink

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1,35. 2.120. 3.consume less X and more Y. 4.$4.5.at most 10 cups of coffee per morning.