Refer to the table above. If the subscription price for a sports app Is $2 per week, the subscription price of a game app Is $1per week, and a student has $9 per week to spend on these two items, at a consumer optimum she will purchase 2 sports app Is and 5 game app Is.

Question

Refer to the table above. If the subscription price for a sports app Is $2 per week, the subscription price of a game app Is $1per week, and a student has $9 per week to spend on these two items, at a consumer optimum she will purchase 2 sports app Is and 5 game app Is.

Consumer utility will be ---utils.

Answer 1

Consumer utility cannot be determined based on the information given in the question. Utility is a subjective measure of satisfaction or happiness derived from consuming a good or service. It would require additional information about the individual's preferences or preferences of the average consumer to determine the utility derived from purchasing a certain number of sports and game apps.

Answer 2

To determine the consumer utility, we need additional information such as the satisfaction/utility derived from each app. Please provide the utility or satisfaction values for both the sports app and the game app.

Answer 3

To determine the consumer utility, we need to know the utility associated with each app. The table above does not provide this information, so we are unable to calculate the exact consumer utility.

However, I can explain how we can determine the consumer utility if we know the utility associated with each app. Utility is a measure of satisfaction or happiness that a consumer derives from consuming a particular product.

We can assign utility values to both the sports app and the game app. Let's assume that the utility for one sports app is 10 utils and the utility for one game app is 5 utils.

To find the total utility, we multiply the utility of each app by the quantity purchased and sum them together.

For the sports app, the consumer buys 2 of them, so the total utility from the sports app would be: 2 * 10 utils = 20 utils.

For the game app, the consumer buys 5 of them, so the total utility from the game app would be: 5 * 5 utils = 25 utils.

To find the consumer's overall utility, we add the total utility from each app: 20 utils + 25 utils = 45 utils.

Therefore, if the utility values are as mentioned above, the consumer utility would be 45 utils. However, since the table does not provide the utility values, we cannot determine the exact consumer utility in this case.

Refer to the table above. If the subscription price for a sports app Is ​$2 per​ week, the subscription price of a game app Is ​$1per​ week, and a student has ​$9 per week to spend on these two​ items, at a consumer optimum she will purchase 2 sports app Is and 5 game app Is.

To determine the consumer utility, we need additional information such as the satisfaction/utility derived from each app. Please provide the utility or satisfaction values for both the sports app and the game app.

To determine the consumer utility, we need to know the utility associated with each app. The table above does not provide this information, so we are unable to calculate the exact consumer utility.

Refer to the table above. If the subscription price for a sports app Is $2 per week, the subscription price of a game app Is $1per week, and a student has $9 per week to spend on these two items, at a consumer optimum she will purchase 2 sports app Is and 5 game app Is.