tto do 60 1-3. See the table below for music album and cappuccino 61 | Price of
ID: 1147234 • Letter: T
Question
tto do 60 1-3. See the table below for music album and cappuccino 61 | Price of a music album $5, Price of one 62 Now a consumer is spending 4 albums and 2 cappuccinos, 63 spending $26 all together, and has $1 left in his hand. 64 3.1 If he consumes $1 of music album with the leftover $1 65 how much more utility can he get? 1 (20-19) (20-20) (-20 68 3.2 If he consume 69 how much more utility can he get? 70 3.3 If he has $27 and is rational, what should he buy with the remaining S s $1 of cappuccinos with the leftover S 21 Total and Marginal Utility from consuming Music Album Downloads and Cappuccinos on an Income of $26 Marginal Total Utility of Music Album Utility Spent (price $3) Music Album Marginal Utility per Utility of Marginal per Dollar Utility Dollar Spent (utils) MUd (price $5) per Period Cappuccinos Utility (MUs/Pa) Cappuccinos per Period(utils) 78 DownloadsDownloads (utils) (utils) 82 83 84 50.0 95.0 135.0 50.0 45.0 40.0 36.5 8.0 5.0 3.0 200.0 87 I1. Please Fill the Underlined Blanks: in the right-most red colored coell. Session4 Type here to searchExplanation / Answer
3.1) Ans: 5.7
Explanation:
Mu per dollar after 4th unit is 5.7.
3.2) Ans: 6
Explanation:
Mu per dollar after 2nd unit is 6.
3.3) Ans: Cappuccino
Explanation:
Since MU of $1 is more by consuming cappuccino than music, he should buy cappuccino in $1.
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