Finding Optimal Consumption The following table displays George%u2019s consumpti
ID: 1177375 • Letter: F
Question
Finding Optimal Consumption
The following table displays George%u2019s consumption of soda pop and pretzels. 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 n 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. Submitting only a final answer will not earn credit.
Explanation / Answer
George
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