A. Fill in the missing total utility, marginal utility, and marginal utility/pri
ID: 1186668 • Letter: A
Question
A. Fill in the missing total utility, marginal utility, and marginal utility/price (MU/Price). Place the final answer for each in the correct shaded area within the table below.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Bottles of Soda Pop
Number of Pretzels
Bottles of Soda Pop Consumed
Total Utility
Marginal Utility
MU/Price
Number of Pretzels Consumed
Total Utility
Marginal Utility
MU/Price
0
0
0
0
1
20
2
50
2
18
4
20
3
14
6
120
15
4
60
8
8
140
5
64
10
150
5
6
62
12
0
B. George has $28.00 to spend on soda pop and pretzels. Determine the number of cans of soda pop and pretzels that will be optimal for George. Explain your reasoning regarding how you chose that
Explanation / Answer
a>for optimum condition both the marginal utilities of soda pop and pretzel must be same.. but here the table is not quite readable so, unable to solve it.
b>take care that both marginal utilities are equal and you will get the answer
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