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Instructions:
Discussion Assignment on MU and Budget
You’re ingesting two different products: nice A and good B.
The cost of good A is $1, whereas the cost of good B is $2.
Calculate the data you’ll need to answer the questions below.
The quantity of units MU B, MUA, MUA, MUA, MUA, MUA,
The first ten people who arrive will receive a prize of
Eighth and twentieth
Seventeenth (third)
6 16th
5 12th
4 6th
3 4th
1 How many units of A and how many units of B should you buy with a $14 budget?
Answer options in a group
2A+4B+2A+4B+2A+4B+2
7A +0B B 7A +0B B 7A +0B B 7
4A+5B+4A+5B+4A+5B+4
2 Will you be at the point of utility maximization after you make the aforesaid purchase and spend your $14 budget on A (priced at $1) and B (priced at $2)?
Answer options in a group
no
yes
It’s difficult to express.
3 What is the maximum overall utility you can get for your $14 if you spend it on A and B?
Answer options in a group
121
79
118
4 Would you have a higher TU if you retuned one unit of B and utilized the $2 to buy two units of A?
Answer options in a group
yes
no
5 How many units of A and B should you buy if the price of B drops to $1 and the price of A stays at $1, and your budget drops to $10?
Answer options in a group
6B + 4A
5A+5B
4B + 6A
6 With a budget of $10 and both A and B costing $1, what is the maximum TU you can get?
Answer options in a group
7 When the price of B is $2, what is the MU per dollar spent on the 5th unit of B?
Answer options in a group
8 If the price of A (which is $1) and the price of B (which is $2) aren’t taken into account, which good does this consumer prefer, good A or good B?
Answer options in a group
excellent B
excellent A
adores them both
9 What is the most TU a customer can get if they spend their entire $14 salary on just good B?
Answer options in a group
43
118
100
10 What is your TU if your budget is $10, the price of A is $1, and the price of B is $2, and you are at the utility maximization point?
Answer options in a group
78
96
100
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Discussion Assignment on MU and Budget |
Discussion Assignment on MU and Budget