Question: Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and
Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. If the question prompts you to "Calculate," you must show how you arrived at your final answer. The table below shows the total benefit, in dollars, that Maria derives from consuming two goods, bandanas and Good G. Quantity of Bandanas Total Benefit of Bandanas Quantity of Good G Total Benefit of Good G 0 $0 0 $0 1 $10 1 $38 2 $17 2 $70 3 $21 3 $96 4 $24 4 $116 5 $26 5 $130 6 $26 6 $138 Maria has a limited weekly income of $9, and she spends it all on bandanas and Good G. Assume the price of each bandana is $1 and the price of Good G is $2 per unit. (a) Calculate Maria's consumer surplus from the fifth unit of Good G. Show your work. (b) Identify the quantity of bandanas and the quantity of Good G that will maximize Maria's total benefit given her weekly income. Explain using marginal analysis. (c) If Maria's weekly income increases from $9 to $12, would Maria be
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