The price of each soda pop is $2.00 and the price of each pretzel is $5.00. A. F

Question

The price of each soda pop is $2.00 and the price of each pretzel is $5.00. 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. 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 consumption point.

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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