Maylin is shopping at the sporting goods store for socks and running shoes. She has determined...
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Maylin is shopping at the sporting goods store for socks and running shoes. She has determined the following total benefit derived from each quantity of socks and running shoe Pairs of Total Benefit, Marginal Benefit, Price of MB/ Socks Socks Socks Socks Price Running Total Benefit, Marginal Benefit, Price of Shorts Running Running Shorts Running MB/ Price Shorts Shorts 0123450 0 NA $10 NA 0 NA $10 NA 100 $10 1 200 $10 190 $10 2 380 $10 270 $10 3 540 $10 340 $10 4 680 $10 400 $10 5 800 $10 450 $10 6 900 $10 7 490 $10 7 980 $10 8 520 $10 8 1040 $10 9 540 $10 9 10 550 $10 20 1080 1100 $10 $10 If Maylin has $150 of income to spend on socks and running shorts, socks cost $10 per pair and running shorts are $10 each, what consumption bundle maximizes Maylin's total benefit? O O A. 1 pair of socks and 6 running shorts B. 5 pairs of socks and 8 running shorts OC. 6 pairs of socks and 9 running shorts OD. 3 pairs of socks and 7 running shorts Sam has determined that his demand for the new energy drink Brawndo is characterized by the following schedule: If the market price of Brawndo is $4 per can, Sam's total willingness to pay for the 6 cans he purchases is OA. $42 OB. $18 0 c. $15 D. $39 Sam's Demand Schedule for Brawndo Price of Brawndo (per can) Quantity of Brawndo Demanded (cans) 0 $10 $9 1 $8 2 $7 $6 $5 $4 $3 $2 $1 SO 134567890 Maylin is shopping at the sporting goods store for socks and running shoes. She has determined the following total benefit derived from each quantity of socks and running shoe Pairs of Total Benefit, Marginal Benefit, Price of MB/ Socks Socks Socks Socks Price Running Total Benefit, Marginal Benefit, Price of Shorts Running Running Shorts Running MB/ Price Shorts Shorts 0123450 0 NA $10 NA 0 NA $10 NA 100 $10 1 200 $10 190 $10 2 380 $10 270 $10 3 540 $10 340 $10 4 680 $10 400 $10 5 800 $10 450 $10 6 900 $10 7 490 $10 7 980 $10 8 520 $10 8 1040 $10 9 540 $10 9 10 550 $10 20 1080 1100 $10 $10 If Maylin has $150 of income to spend on socks and running shorts, socks cost $10 per pair and running shorts are $10 each, what consumption bundle maximizes Maylin's total benefit? O O A. 1 pair of socks and 6 running shorts B. 5 pairs of socks and 8 running shorts OC. 6 pairs of socks and 9 running shorts OD. 3 pairs of socks and 7 running shorts Sam has determined that his demand for the new energy drink Brawndo is characterized by the following schedule: If the market price of Brawndo is $4 per can, Sam's total willingness to pay for the 6 cans he purchases is OA. $42 OB. $18 0 c. $15 D. $39 Sam's Demand Schedule for Brawndo Price of Brawndo (per can) Quantity of Brawndo Demanded (cans) 0 $10 $9 1 $8 2 $7 $6 $5 $4 $3 $2 $1 SO 134567890
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