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For this problem, assume that Mohammad has $144 to spend on Soccer Games and Fishing Trips each month and that both goods must be purchased whole (10 fractional units)

Economics

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For this problem, assume that Mohammad has $144 to spend on Soccer Games and Fishing Trips each month and that both goods must be purchased whole (10 fractional units). Attending a soccer game costs $6 each, and fishing costs $30 per trip. Mohammad's preferences for soccer and fishing are summarized by the following information: Soccer Games TU MU MU/S Fishing Trips TU MU MU/S 2 3 4 5 6 7 28 46 62 74 80 84 86 2 3 4 5 6 7 150 270 360 420 450 470 480 1- Fill in the figures for marginal utility and marginal utility per dollar for both soccer and fishing. 2- Are these preferences consistent with the law of diminishing marginal utility? Explain briefly. 3- Given the budget of $144. what quantity of soccer games and what quantity of fishing trips will maximize Mohammad's level of satisfaction? Explain briefly. 4-Now suppose the price of soccer game rises to $8. Which of the columns in the table must be recalculated? Do the required recalculations. 5- After the price change, how many soccer games and how many fishing trips will Mohammad purchase? Activa 6- Draw the total utility for both soccer games and for the fishing trips. Go to

A. What is fiscal policy? (select all that apply)

		The federal budget
		Changes in government spending and/or taxation to achieve macroeconomic goals.
		The total dollar output of aggregate demand.
		The amount of money government has to spend.

B. Monetary policy is: (select all that apply)

		Another name for fiscal policy
		The amount of money available to consumers
		Increasing or decreasing the amount of money that is available.
		The amount of government spending to achieve macroeconomic goals

C. Who controls monetary policy. (select all that apply)

		Congress
		The executive branch
		Government budgets
		The Federal Reserve