Question

The following table shows Ellie's utility from consuming slices of cake and cans of 7-Up. Slices Marginal Utility from Last Slice Cans Marginal Utility from 7-Up Last Can Cake 120 100 120 { 8 Suppose Ellie has $3 per week to spend on cake and 7-Up and that the price of a slice of cake is $0.50. 1.) Use the point drawing tool to plot Ellie's demand for 7-Up at a price of $0.50. Label this point. 2.) Use the point drawing tool to plot Ellie's demand for 7-Up at a price of $1.00. Label this point 'B'. Quantity of 7-Up 3.) Use the line drawing tool to connect the dots to form Ellie's demand curve. Properly label this line. Carefully follow the instructions above, and only draw the required objects:

          The following table shows Ellie's utility from consuming slices of cake and cans of 7-Up.
Slices
Marginal Utility from Last Slice
Cans
Marginal Utility from 7-Up Last Can
Cake
120 100
120
{ 8
Suppose Ellie has $3 per week to spend on cake and 7-Up and that the price of a slice of cake is $0.50.
1.) Use the point drawing tool to plot Ellie's demand for 7-Up at a price of $0.50. Label this point.
2.) Use the point drawing tool to plot Ellie's demand for 7-Up at a price of $1.00. Label this point 'B'.
Quantity of 7-Up
3.) Use the line drawing tool to connect the dots to form Ellie's demand curve. Properly label this line.
Carefully follow the instructions above, and only draw the required objects:

Added by Arthur E.

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