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Hal grade for Econ 202 You are expected to completed it individually you need additional help please see me duringmy regula Question C Preferably done in excel format Hal grade for Econ 202

Hal grade for Econ 202. You are expected to completed it individually you need additional help please, see me duringmy regula Question C: Preferably done in excel format

Hal grade for Econ 202. You are expected to completed it individually you need additional help please, see me duringmy regular office hours). You must submit this page long with your solution, on time, on the due date, otherwise you will receive zero credit. To receive full credit youranswershould include: Clear answers to each parts a-d You are expected to provide a clear and readable answer Necessary and appropriate assumptions (when applicable) Necessary formulas and graphs Relevant conclusion(s) Use the following table, which shows Martha's total utility from sundaes and magazine, and information given below. Sundaes Magazines Total Quantity per week Dishes per week Total utility utility 0 64 40 2 l16 2 72 3 156 100 4 190 125 4 5 220 5 148 6 240 160 6 Martha has $28 budget, the price of is $4 each sundaes and $5 per magazine. Determine total and marginal utility for each item and plot total and marginal utility a. curve for Sundaes and Magazines. Explain. Determine marginal utility per dollar for each item. Develop (plot) Martha's demand curve for Sundaes (hint use another point on the demand curve when price is $8 for each sundaes). b. c. Compute the price elasticity Martha's demand for Sundaes. d. Econ 202 Grading Rubric for Assignment

Feb 06 2020 View more View Less

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