Question

The table below show the marginal utility, measured in utils, that Ricardo would get by purchasing...

The table below show the marginal utility, measured in utils, that Ricardo would get by purchasing various amounts of products A, B, C, and D. Column 5 shows the marginal utility Ricardo gets from saving. Assume that the prices of A, B, C, and D are, respectively, \$18, \$6, \$4, and \$24 and that Ricardo has a budget of \$106.

 Quantity of A MU of A Quantity of B MU of B Quantity of C MU of C Quantity of D MU of D Number of dollars saved MU of dollars saved 1 72 1 24 1 15 1 36 1 5 2 54 2 15 2 12 2 30 2 4 3 45 3 12 3 8 3 24 3 3 4 36 4 9 4 7 4 18 4 2 5 27 5 7 5 5 5 13 5 1 6 18 6 5 6 4 6 7 6 0.5 7 15 7 2 7 3.5 7 4 7 0.25 8 12 8 1 8 3 8 2 8 0.125

What quantities of A, B, C, and D will Ricardo purchase in maximizing his utility? How many dollars will Ricardo choose to save?

Derive a demand curve for good A. Show work and explain steps/process.

Consider the following firm, find the missing cost data

 Output Fixed Cost Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 0 100 0 100 - - - - 1 190 2 270 3 340 4 400 5 470 6 550 7 640 8 750 9 880 10 1030

Refer the attached image

Therefore, number of units of A = 4, B = 3 units, C = 3 units, D = 0, zero unit and Dollar saved = 4.

4 × 18+ 3 × 6 + 3 × 4 + 0 × 24 + 4 = 72 + 18 + 12 + 0 + 4 = \$ 106.

Refer below the complete table

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