Mylie total utility from singing the same song

Assignment Help Business Economics
Reference no: EM132080161

Mylie's total utility from singing the same song over and over is as shown in the table below.

a. Write down her marginal utility for each repetition.

Instructions: Enter your answers as whole numbers. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.

Repetitions Total Utility Marginal Utility
1 80 80
2 120 40
3 150 30
4 170 -
5 130
6 70



Reference no: EM132080161

Questions Cloud

Make a program that has an array of at least 20 integers : Write a program that has an array of at least 20 integers. It should call a function that uses the linear search algorithm to locate one of the values.
Write a program that plays a simple card game with one : Write a program that plays a simple card game with one human player and one computer player. The game uses a deck of 52 cards.
Implement a priority queue class that does two types of sort : You need to implement a priority queue class in C++ that does two types of sorting, one selection sort and the other insertion sort.
What is the opportunity cost of investing in capital : What is the opportunity cost of investing in capital?
Mylie total utility from singing the same song : Mylie's total utility from singing the same song over and over is as shown in the table below.
What annual rate of return did she receive on her investment : At the end of 2 years, just after receiving the fourth dividend, sh esold the stock for $23 per share and paid a $58 brokerage commission from the proceeds
Calculate the derivative of the function : Need to use two different methods to find a root for an equation of the form f(x)=0, however you will be starting with ONE guess instead of two.
Write a program which includes two functions : The United States Center for Disease Control uses this to classify people as normal, underweight, overweight, or obese.
Increase in the quantity demanded : An "increase in the quantity demanded" means that a. the demand curve has shifted to the right

Reviews

Write a Review

Business Economics Questions & Answers

  Firms total revenues-revenues from both products

You are the manager of a firm that receives revenues of $60,000 per year from product X and $70,000 per year from product Y. The own price elasticity of demand for product X is -2.5, and the cross-price elasticity of demand between product Y and X is..

  Draw the consumer budget constraint

Suppose that a consumer can purchase apples for $1, and bananas for $0.50. The consumer is willing to spend $10/week on fruit. Draw the consumer’s budget constraint, showing the different combinations of apples and bananas that can be purchased for $..

  Movement in the direction of a market-based system

The movement in the direction of a market-based system with freely determined prices, competition, profits, private ownership, and other features of capitalism is not simple. Discuss some of the challenges associated with an economy transitioning fro..

  Agriculture and capital is specific to manufacturing

Examine the impact on a small country following an outward flow of immigrants that decreases its labor force. Assume that land is specific to agriculture and capital is specific to manufacturing, while labor is free to move between the two sectors. A..

  What is represented in the price of a good or service

What is represented in the price of a good or service?

  Optimal mix for production and pricing of product

Imagine you are tasked with recommending an optimal mix for production and pricing of a product. How would you go about utilizing economic indicators and data to make that recommendation? Please use a specific product as an example in your initial po..

  Calculate the opportunity cost of producing each good

Using a certain quantity of resources, workers in the fictitious country of Iguania can produce 4 bottles of penicillin or 12 loaves of bread. Using the same resources, workers in another fictitious country, Chamelia, can produce 6 bottles of penicil..

  Presentation on security mechanisms

The command office has asked for a presentation on security mechanisms including access control models, authentication, authorization and encryption.

  Estimate a relationship between two variables

What is the procedure one would use to estimate a relationship between two variables using computer software and it's output?

  Import or export any goods or services

Bahrainia is a country that has closed borders and does not import or export any goods or services; hence, they do not worry about trade with other countries. Total spending for the federal government of Bahrainia for the last fiscal year was 24.2 bi..

  Indicate the short run profit maximizing quantity

Draw a graph of a market for a firm in a perfectly competitive industry. Indicate the short run profit maximizing quantity and the profits for the firm.

  Equilibrium exchange rate-merchandise trade deficit arises

A merchandise trade deficit arises when: The balance of payments on financial account: When capital can flow freely among countries: If the dollar appreciates against the euro: Which of the following is true at the equilibrium exchange rate? A floati..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd