Econ questions 5
$10-30 USD
Paid on delivery
1. Consider the demand curve given by
P = 8 – Q
a. graph the demand curve—hint : this is a straight line
b. find the price elasticity of demand when P = 4
c. Calculate the consumer surplus when P = 2
2 Toby’s current marginal utility from consuming peanuts is 100 utils per ounce and his marginal utility from consuming cashews is 200 utils per ounce. If peanuts cost 10 cents per ounce and cashews cost 25 cents per ounce, is Toby maximizing his total utility from the kinds of nuts? If so, explain how you know. If not, how shou
3. Sue gets a total of 20 utils per week from her consumption of pizza and a total of 40 utils per week from her consumption of yogurt. The price of pizza is $1 per slice, the price of yogurt is $1 per cup, and she consumes 10 slices of pizza and 20 cups of yogurt each week. True or false: Sue is consuming the optimal combination of pizza and yogurt.
Project ID: #7147516
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Hi i am a proffeionsal in my work i have 4 year experince about in the field if you give me work will not disapooitment
