Question

The following table shows Ellie's utility from consuming slices of cake and 7-Up

Slices of CakeCake	Marginal Utility from Last Slice	Cans of 7 minus Up7−Up	Marginal Utility from Last Can
0	-	0	-
1	120	1	120
2	100	2	60
3	80	3	45
4	60	4	30
5	40	5	20
6	20	6	15

.

Suppose Ellie has $12 per week to spend on cake and 7−Up and that the price of a slice of cake

is $2.00

1.) Use the point drawing tool to plot Ellie's demand for 7−Up at a price of

$1.00 Label this point 'A'.

2.) Use the point drawing tool to plot Ellie's demand for 7−Up at a price of $2.00 Label this point 'B'.

3.) Use the line drawing tool to connect the dots to form Ellie's demand curve. Properly label this line.

Carefully follow the instructions above, and only draw the required objects.

Answer 1