Determine the number of cans of soda pop and pretzels
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.
|
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.
Submission Requirements:
Support your final answer for optimal consumption. Submitting only a final answer will not earn credit.
– Attach a Word document; all answers should be included in this document.
– Times New Roman, 12-point font.
