Bruno enjoys notebooks and CDs. The price of a notebook is $5 and the price of...
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Bruno enjoys notebooks and CDs. The price of a notebook is $5 and the price of a CD is $10. Bruno has $50 in income to spend. A. Construct a budget line (schedule) using the first of the following table, and referencing the second. Determine the optimal consumption bundle. Fill in all blank cells. B. Calculate Marginal Utility in each of the blank cells (second table). I Utility Affordable Combinations #CDs #notebooks from bundle A Utility from Marginal Marginal Quantity of utility utility notebooks (notebooks) CDs (CDs) (utils) B C D E F Quantity of notebooks 20 4 6 8 10 0 70 130 180 220 250 812345 0 Utility from CDs (utils) 0 80 150 210 260 300 Bruno enjoys notebooks and CDs. The price of a notebook is $5 and the price of a CD is $10. Bruno has $50 in income to spend. A. Construct a budget line (schedule) using the first of the following table, and referencing the second. Determine the optimal consumption bundle. Fill in all blank cells. B. Calculate Marginal Utility in each of the blank cells (second table). I Utility Affordable Combinations #CDs #notebooks from bundle A Utility from Marginal Marginal Quantity of utility utility notebooks (notebooks) CDs (CDs) (utils) B C D E F Quantity of notebooks 20 4 6 8 10 0 70 130 180 220 250 812345 0 Utility from CDs (utils) 0 80 150 210 260 300
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