Assume that the following asset values (in millions of dollars) exist in Ironmania: Category Value Federal Reserve Notes in circulation 1400 Money market mutual funds (MMMFs) held by individuals 400 Corporate bonds 900 Iron ore deposits 400 Currency in commercial banks 100 Savings deposits, including money market deposit accounts (MMDAs) 300 Checkable deposits 9000 Small-denominated (less than $100,000) time deposits 1000 Coins in circulation 900 a. What is M1 in Ironmania

answer; property tax payment made in july and december;

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.

c). housing, savings, and food and d). housing, food, and transportation. i hope this is good luck on the rest of your work.