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(d) 150.25 14.2 Ms. Quasimodo in Problem 14.3 has the

Question : (d) 150.25 14.2 Ms. Quasimodo in Problem 14.3 has the

(d) 150.25 14.2 Ms. Quasimodo in Problem 14.3 has the utility function Ula 100r r consumption of earplugs and is money left over to spend on other stuff. If she has $10,000 to spend on earplugs and stuff, and if the price of earplugs rises from $50 to $95, then her net consumer's surplus (a) falls by $1,237.50. (b) falls by $3237.50. (c) falls by $225. (d) increases by $618.75. (e) increases by $2,475. 1.3 Bernice in pr the utility function u(r,y) the

 

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