E202Exam1.6

E202Exam1.6 - in the ice cream market if ice cream sells...

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Chapter 5 11. (6 pts) Professor Glass gets a total of 200 utils per month from consuming 2 pints of Blue Bell Cookies and Cream Ice Cream and a total of 200 utils per month from consuming 2 pints of Blue Bell Mint Chocolate Chip Ice Cream. The price of the ice cream is $2 per pint, regardless of flavor. Is she maximizing her utility? If so, explain how you know. If not, how should she rearrange her spending? 12. (10 pts) For the demand curve shown, find the total amount of consumer surplus that results
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Unformatted text preview: in the ice cream market if ice cream sells for $2 per pint (and draw on graph ). Find the total amount of consumer surplus if ice cream sells for $1 per pint and the change in consumer surplus (and draw both on graph ). On my honor as an Aggie, I have neither given nor received unauthorized aid on this exam. Signature _____________________...
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This note was uploaded on 02/20/2012 for the course ECON 202 taught by Professor Brightwell during the Spring '08 term at Texas A&M.

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