Exhibit A Demand and Marginal Utility Pizza Pies Compact Disks Total Marginal Total Marginal Quant. Utility Utility Total Marginal Quant. Utility Util. Quant. Utility Utility. 90 --- 1 60 30 - 130 40 90 30 45 160 30 105 50 180 20 115 53.5 120 T 185 5 150 55 -35 122 6 56 Complete all relevant information in the above chart. Exhibit A provides C. Chan's hypothetical total utility schedule for three goods-pizza pies, compact disks, and movies. Assume that the price of a pizza is $15, the price of a compact disk is $15, and the price of a movie is $7.50. How many units of each good will C. Chan consume if he spends all of his income of $85 a month on these three goods. How do your answers change if the price of movies is $10? $5? Plot the demand curve for movies. What is the price elasticity of demand for movies if the price rises from $7.50 to $10.00? What is the price elasticity of demand for movies if the price falls from $7.50 to $5.00? Use the mean or arc elasiticity formula for the above two questions. 123456 23456 ԽՏԵՑ 15 123456 Movies