Multiple Choice
Ms.Quasimodo has the utility function U(x, m) = 100x - x2/2 + m, where x is her consumption of earplugs and m is money left over to spend on other stuff.If she has $10,000 to spend on earplugs and other stuff and if the price of earplugs rises from $50 to $65, then her net consumer's surplus
A) falls by 2,637.50.
B) falls by 525.
C) falls by 637.50.
D) increases by 318.75.
E) increases by 1,275.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Sir Plus has a demand function for
Q16: Bernice has the utility function u(x, y)=
Q17: Ms.Quasimodo has the utility function U(x, m)=
Q18: Bernice has the utility function u(x, y)=
Q19: Lolita's utility function is U(x, y)= x
Q21: Lolita's utility function is U(x, y)=
Q22: Lolita's utility function is U(x, y)= x
Q23: If Bernice (whose utility function is min{x,
Q24: If Bernice (whose utility function is min{x,
Q25: Ms.Quasimodo has the utility function U(x,