How should tabitha spend her remaining $ 3 explain why

Assignment Help Econometrics
Reference no: EM131240685

Tabitha has $6 to spend. She has the option to buy two goods: sandwiches and peppermints. Sandwiches cost $3 each, and peppermints cost $1 per bag. The table below shows the utility Tabitha derives from consuming sandwiches or peppermints at various levels of consumption.

a. In the table below, fill in the marginal utility per dollar for each level of consumption.

1259_158ca177-e610-4ce8-80b0-e5ad36ae5221.png

b. How should Tabitha spend her first $ 3? Explain why.

c. How should Tabitha spend her remaining $ 3? Explain why.

Reference no: EM131240685

Questions Cloud

Derive lagrange equations : a. Derive Lagrange's equations and find the generalized force. b.Discuss the motion if the force is not applied parallel to theplane of the disk?
Show how a christian worldview could better impact : In addition to an analysis of current literature on your chosen topic, include a reflection on how this topic impacts you personally in a current or former job. Finally, show how a Christian worldview could better impact this issue in an organizat..
Write a paper answering the given question : What conflict styles have you encountered while working in groups? How will your approach to conflict change in the future based on what you have learned in this course?
What is the vertical velocity of teresa : 1. What is the vertical velocity of Teresa when Chris releases her in the air? 2. Assuming the initial height he throws her from is 1m off the ground, how much average force would Chris have to apply to get Teresa to a maximum height of 2m off the gr..
How should tabitha spend her remaining $ 3 explain why : Tabitha has $6 to spend. She has the option to buy two goods: sandwiches and peppermints. Sandwiches cost $3 each, and peppermints cost $1 per bag. The table below shows the utility Tabitha derives from consuming sandwiches or peppermints at vario..
Could this article be useful in a research paper : Write brief explanation as to how this article relates to the reading from the week. Write A "review" of the article. Could this article be useful in a research paper? Was it easy to understand?
Exploding powder exhaust apply to accelerate the slug : a) What force does the exploding powder exhaust apply to accelerate the slug? b) What horizontal force is put on the shooters arm by the gun? Sketch a graph of this forceas a function of time. (asume the gun is held fixed)
Check the given two paragraph and re write them : Check the given two paragraph and re-write them. - Health Promotion Pamphlet Analysis. - One of the many functions of nursing is health promotion.
Are the fictional incidents realistic and plausible : Make necessary adjustments to your document so that each segment flows smoothly into the next. Evaluate your project using the criteria given below. Are the indicators and their measurements appropriate to the high-risk area? Do the indicators capt..

Reviews

Write a Review

Econometrics Questions & Answers

  Describe effect of changing savings rate on the multiplier

In an article saying that Americans are not saving as much asthey were 20 years ago. They claim 20 years ago the average savingswas 20 percent of disposable income and predicted that it woulddrop to 5% in less than 5 years.

  Evaluate the statistical significance of the equation

Just The Fax, Inc. (JTF) has hired you as a consultant to analyze the demand for its line of telecommunications devices in 35 different market areas. The available data set includes observations on the number of thousands of units sold by JTF per ..

  Solve the problem using inclusion-exclusion form

What is the probability that at least one of his friends will get the correct card? Hint: Use the inclusion-exclusion formula.

  Calculate the projected and actual irr

A foundry is fully equipped for $650,000. It is expected to earn $85,000 annually for 15 years without any salvage value. Due to changing market conditions, the foundry is sold for $100,000 after 8 years

  How much of the twelfth payment will be interest

A man borrows $120,000 to buy a home. The interest rate is 4.5%, compounded monthly, and its period is 30 years. a) What will be the monthly payment (equal payments) for the life of the loan

  What is the equilibrium price in this market

what is the equilibrium price in this market?

  What difference would focusing on asset prices make

How would your policy have affected interest rates and real output during the period in question? What would be the benefit of your policies?

  How many watts/square meter does it represent

If 12 percent of thoes solar energy resources could be harnessed , how long would it take for an average 50 square meter solar array to fill up a car with the energu equivalent of 15 gallon thank of fasoline

  Find the two nash-equilibrium prices as a function

Firm 1 at point 0 and firm 2 at point 1. The consumers transportation cost are linear in the distance to the firms localisation (d1 and d2) and the consumers are uniformly distributed on the intervall (0,1) where x E (0,1) denotes the consumers p..

  What choice is observable by the other licensee

The state has announced its plans to license two firms to serve a market whose demand curve is given by P = 200-Q.The cost function ofall potential firms is C = 20q,and the technology is such that once each firms output is chosen, it cannot be alt..

  What is the equilibrium price of wheat

If the demand curve for wheat in the United States is P = 12.4 - \(Q{p}\) where P is the farm price of wheat (in dollars per bushel) and is the quantity of wheat demanded (in billions of bushels), and the supply curve fo wheat in the United States..

  What is the book value of the 5-axis milling machine

which requires at $10,000 license fee to use their design. Tooling costs $5000. Materials and consumables (cutting fluids, milling cutters, power, etc) are budgeted at $40 per product. Your company applies an overhead rate of 25%

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd