Anita has five pounds of bananas and values their total utility at $2.14. If she acquires one

Fantastic news! We've Found the answer you've been seeking!

Question:

Anita has five pounds of bananas and values their total utility at $2.14. If she acquires one additional pounds of bananas and it has a marginal utility of 11 cents, Anita's total utility will:

Select one:

a. Rise to $2.25

b. Fall to $2.03

c. Stay the same

d. Fall to $2.11

e. Statistics.

Related Book For answer-question

Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson

See More Books

Posted Date: Jan 30, 2024 12:08 AM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
Explain how excessive use of nitrate fertilizers in agricultural fields affect human life.
Lucy has just been promoted to a managerial position and given a new office. She is very fond of small Persian carpets and Native American paintings and wants to get some carpets and paintings for...
What is the two-class method?
Kingbird Inc. issues 7,500 shares of $100 par value preferred stock for cash at $110 per share. Journalize the issuance of the preferred stock. (Credit account titles are automatically indented when...
The following table lists values measured for 60 consecutive eruptions of the geyser Old Faithful in Yellowstone National Park. They are the duration of the eruption (x1), the duration of the dormant...
Burton Corporation commenced retailing operations on January 1, 2011. Purchases of merchandise inventory during 2011 and 2012 appear next: Burton Corporation sold 1,000 units during 2011 and 1,500...
1. Suppose that Kanye has decided to always spend 1/3 of his income on stylish clothing. a. What is his income elasticity of demand for clothing? b. What is his price elasticity of demand for...
The position of a starship is given by the equation Pt = (18 + 3t, 24 + 4t, 110 5t). For what values of t is the starship within 100 units of a space station placed at the origin?
Mercury Inc. is facing a major lawsuit on January 1 st , 2 0 2 3 , as some patients suffered severed medical problems from its medicines and are claiming 5 0 million dollars. Mercury reasonably...
Calculate y" and "". y(x) = 6ex == X y" (x) = y" (x) =
On June 1, Blue Spruce Corp. Ltd. borrows $76,500 from Acme Bank on a 6-month, $76,500, 8% note. The note matures on December 1. (a) Prepare the entry on June 1. (Credit account titles are...
The functions fand g are defined as follows. f(x)=x-6x-4 and g(x)=- x-4 3x-5 Find f(x+8) and g (4). Write your answers without parentheses and simplify them as much as possible. f(x+8)= *(4)-0 g = H 5
Gravel is being dumped from a conveyor belt at a rate of 10 cubic feet per minute. It forms a pile in the shape of a right circular cone whose base diameter and height are always the same. How fast...
Let S be a multiset with k elements whose repetition numbers are n,...,nk. Prove that if r n + +nk, the number of r- combinations of elements in S is the coefficient of " in the polynomial...
From 1970 to 1990, Sri Lanka's population grew by approximately 2.2 million persons every five years. The population in 1970 was 12.2 million people.What is the best formula for P, Sri Lanka's...
The accompanying table shows the percentage of GDP accounted for by private savings, investment spending, and net capital inflow in the economies of Capsland and Marsalia. Capsland is currently...
Complete the following table by calculating the value of the multiplier and identifying the change in Y* due to the change in autonomous spending. How does the value of the multiplier change with the...
Suppose that all households hold all their wealth in assets that automatically rise in value when the aggregate price level rises (an example of this is what is called an inflation-indexed bonda bond...
For methanol synthesis reaction \[ \mathrm{CO}(\mathrm{g})+2 \mathrm{H}_{2}(\mathrm{~g}) ightleftharpoons \mathrm{CH}_{3} \mathrm{OH}(\mathrm{g}) \] Using a feed mixture of carbon monoxide and...
The L2 steel blade of the band saw wraps around the pulley having a radius of $12 \mathrm{in}$. Determine the maximum normal stress in the blade. The blade has a width of 0.75 in. and a thickness...
An L2 steel strap having a thickness of 0.125 in. and a width of $2 \mathrm{in}$. is bent into a circular arc of radius $600 \mathrm{in}$. Determine the maximum bending stress in the strap.

Anita has five pounds of bananas and values their total utility at $2.14. If she acquires one

Question:

Expert Answer:

The detailed answer for the above question is provided below The correct answer is ... View the full answer

Macroeconomics

Students also viewed these economics questions