Question: Please do fast Five consumers have the following marginal utilities of apples and pears: Consumer Marginal Utility of Apples Marginal Utility of Pears Sean 8


Please do fast


Five consumers have the following marginal utilities of apples and pears: Consumer Marginal Utility of Apples Marginal Utility of Pears Sean 8 10 Yvette 16 Bob 12 Cho 5 9 Eric 4 8 The price of an apple is $1, and the price of a pear is $2. Which, if any, of these consumers are optimizing over their choice of fruit? Check all that apply. O Sean O Yvette Bob O Cho O EricNeha is awake for 100 hours per week. Use the green line (triangle symbol) to draw Neha's budget constraint if she earns $12 per hour. Then use the blue line (circle symbol) to draw her budget constraint if she earns $16 per hour. Finally, use the purple line ( diamond symbol) to draw her budget constraint if she earns $20 per hour. (9 2000 '- + 1300 1600 __ Wage of $12 per hour 1400 '- E7 ; 1200 _ Wage of$16 per hour D 5 10m __ + '5. E g 500 Wage of $20 per hour 0 o 500 400 200 0 | l | l l | l | l 0 10 20 30 40 50 60 70 80 90 100 Leisure (Hours)
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