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- Price per arginal Utility Fron Current Consumption Product Unit $ 10 20 20 30 The table shows the marginal utite derived trom curent consumpton leves of three new products. A B and C at are being sold in the maet at the prces isted The contumer can imniediately gan the most extra total utity by winching spending from Mnple Choce ANEi will 10 upvote no chatgptplz answer correct explain Aasp Dont answer by pen pepar
- i will 10 upvotes dont use chatgptMike has a decreasing marginal uity of income We know that Mike's income in greater than S10, but we de not know his exact inome Adam offers Mika the folloeing bet Adam wil throw a fair coin (that is, heads and tals have equal probatilty) a heada. Mke pays Adam $10. ta Adam pays Mke S10 What can we conclude from this infonmation? O Mike will reject the bet only it his income is high emought Ob. Mike will reject the bet, independently of how high his income is Oc Mke wil accept the bet independently of how high his income is Od Mke will accept the bet only if his income is high enought O Mka will always be indiferent between accepting and rejecting the betdont use chatgpt i will 5 upvotes.
- A conpetidive fimis praduction fonctian is 1/3 10t x-1220)"3, The price of the input %3D 20 is :) Show Ahat the firim's tatal (2at etg cly) cuSve s (y-10)- a dhow thot the minimum 2f the bso monginal and the wninimum (2st. Cuve is at the outaage =15 Cast CUnve is at 3 Detensine the finm's dupkiy function A)plz answer correct explain asap Dont answer by pen pepardont use chat answer and correct answwer i will 10 upvotes
