Cheek Cel Fermat Panter: 11 1 . Utility: Fill the red-colored cells Panel (a) -1

Question

Cheek Cel Fermat Panter: 11 1 . Utility: Fill the red-colored cells Panel (a) -1.Which unit (among from the first to the sixth) consumption of albem does give no addaional utility to the customer in the panel(a)? Number of Ausic Albums DownioadedTotal Uility and Listened to per Week -2. Which unit (ameng frem the first te the sixth) censumption of album does reduce the totel untility of the eustomer in the panel o)? 10 (10-0) 6 (16-10) 3 (19-16) 1 (20-19) 0 (20-20) -2 (18-20) 10 h unit A, See the sable below for music album and cappuccino Price of g musK obum: $5, Price of one cappucono $3 Now a consumer is spending 4 abums and 2 cappucchos, spending $26 ll together, and has $1 left in his hand 3.1 If he consumes $1 of music album with the leftover $ how much more uniry can he get 19 20 Note that the additional (more) utary increased by one more urat o, consumption is caled-Margnol Utky Note that the addmional (more) ulity increased by one more dollar of consumption h colled Marginal Unlity per Dollar. 3.2 If he consumes $1 of cappuccinoswith the leftower $1 how much more utlity can he get? 3.3 If he has $27 and is rational, hat should he buy with the remaining $1 Musk: Album2 Or Cappuccino? Total and Marginal Utility from Consuming Music Album Downloads and Cappuccinos on an lncome of $26 Total Utility of Music Marginal Utility of Marginal Dollar Cappuccinos Utility Marginal Utility per Utility Dollar Spent (utils)(MugPa Cappuccinosper Period utils) Downloads per Period per Period Period Utality Per Doilar (utils) (price $3 50.0 95.0 135.0 50.0 45.0 10.0 9.0 8.0 8.3 47 65 18 36.5 28.5 6.0 5.0 3.0 200.0 5.7 89 DOLL

Explanation / Answer

Answer 1. 5th unit.

As Marginal utility is 0 in that case.

And marginal Utility is the additional satisfaction a consumer gains on consuming 1 more unit of a good/service.

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