Item 6Frank spends $75 on 10 magazines and 25 newspapers. The magazines cost $5 each and the newspapers cost $2.50 each. Suppose that his MU from the final magazine is 10 utils while his MU from the final newspaper is also 10 utils. According to the utility-maximizing rule, Frank should: multiple choicereallocate spending from magazines to newspapers.reallocate spending from newspapers to magazines.be satisfied because he is already maximizing his total utility.consume equal number of magazines and newspapers.

Below is the utility preferences for an individual: Movies Marginal Utility of Movies Marginal Utility of Movies per Dollar (PM=$10)PM=$10Books Marginal Utility of Books Marginal Utility of Books per Dollar (PB=$5)PB=$51 100 10 1 45 92 70 7 2 40 83 40 4 3 30 64 10 1 4 15 3 What is the utility-maximizing consumption bundle if the individual has $25 to spend?Multiple choice question.1 movie and 3 books5 books2 movies and 3 books2 movies and 1 book

Assume that product Alpha and product Beta are both priced at $1 per unit and that Ellie has $20 to spend on Alpha and Beta. She buys 8 units of Alpha and 12 units of Beta. The marginal utilities of the last unit of Alpha and Beta that she purchases are 40 utils and 20 utils, respectively. This indicates thatMultiple ChoiceEllie should make no change in consumption.given another dollar, Ellie should buy an additional unit of Beta.in order to maximize utility, Ellie should buy more Beta and less Alpha.in order to maximize utility, Ellie should buy more Alpha and less Beta.

The Broadstreet Bulletin, a small local newspaper, will begin selling monthly subscriptions to access its web-based content. Market research indicates that the newspaper can use the expression –12p+600 to determine the number of subscriptions it will sell in its first month depending on the subscription price, p. The newspaper wants to make enough money from subscriptions in its first month to cover its operating costs of $7,200.What two subscription prices will make the newspaper exactly $7,200 in revenue in its first month?

Use the following information to answer the question below. Cloe is given $4 of pocket money to be spent on either hard candies or chocolates. Chocolates cost 40 cents each and hard candies cost 80 cents each. The marginal utilities derived from the consumption of each product are as shown in the following table. Number of ItemsMarginal Utility of ChocolatesMarginal Utility of Hard Candies160150250140340120430100520 80610 707  5 508  0 20 Which combination would maximize Cloe’s total utility given her $4 budget?Multiple Choice6 chocolates and 2 hard candies4 chocolates and 3 hard candies2 chocolates and 4 hard candies0 chocolates and 5 hard candies

Select the correct answerA man bought 13 articles at 70 each, 15 at 60 each and 12 at 65 each. The average price per article is?Options60.2565.7562.2564.75