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7) What is total fixed cost at the profit-maximizing quantity?
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- pleassssee help me thank youYou have data on Meena's quantity demanded for craft beer and theirincome. According to this data when Meena's income falls by 7% theassociated change in their quantity demanded for beer is 11%. You don'tknow if it is an increase or decrease in quantity demanded. From pastresearch you know that craft beer is a normal good for Meena. Use thisinformation to calculate Meena's income elasticity of demand.You have an 8:30 class this morning but you are feeling extremely tired. How do you decide whether toget some extra sleep or go to class?
- Focus on the maxims of Quantity, Relation, and Manner. Which maxim(s) is/are flouted whensomeone retweets, and how does flouting the maxim(s) cause viewers to assume an impliedmeaning that a retweet signals agreement with the message in the retweet?What do you mean by the inverse relationship between the quantity demanded for acommodity and its price. How would you explain, that a fall in the price of Matchboxdoes not make a consumer buy more of it? Please answer it in 30 min if possibleYour gym offers two classes at the same time:weightlifting and yoga. Both classes are includedin your membership and have space available.Your friend tells you he wants to work on hisstrength and take the weightlifting class, but youalways see him in yoga class. Which class giveshim more utility? How do you know this?
- qty per week Marginal Utility of songs Marginal Utility of Cookies 1 15 25 13 20 3 12 16 4 11 13 10 11 6. 9 10 7 8. 7 8. 6. 7 10 Above is the utility of Sara for song and cookie consumption. If the price of a song is $2 and the price of a cookie is $1, how many cookies and songs will sara consumer? Why?What is the trend of the total utilityDrinking five glasses of water consecutively declinesyour utility, why?
- The new (price, quantity) pair will be at point:? ABCDEFG H1s it pessible fes matginal utility tolal to be negative and uwility to be possitive) why orwhy nah 8. noTU TU of MU Qfood food MU food MU/p Drink drinks drinks MU/p 0 0 1 30 2 55 3 75 956 90 100 012345 0 30 57 7 105 106 67 78 93 102 108 111 The marginal utility for consuming the 3rd unit of food is utility for consuming the 5th unit of drinks is ? and the margina 20; 9 75; 102 15;8 There is not enough information to tell O What am I doing in this class? Why don t I know the answer to these? (This is an incorrect answer)