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1. Assuming Ros has RM300 to spend on goods, N and M. The price of N and M is RM20 per unit and RM40 per
1. Assuming Ros has RM300 to spend on goods, N and M. The price of N and M is RM20 per unit and RM40 per unit, respectively. Ros's preference for goods N and M are tabulated in Table A. Table A: Ros's preference for goods N and M Goods N Goods M Quantity Total Marginal Marginal Quantity Total Marginal Marginal (unit) utility utility utility/ (unit) utility utility utility/price (util) (util) price (util) (util) (MU/P) (MU/P) 44 100 N - 84 160 W N 104 200 A W 114 A 220 120 5 232 124 242 126 246 a. Fill in the blanks in the table. b. Does marginal utility decline? Clarify. C. Assuming the income provided is RM300, which combination of goods N and M can maximize Ros's utilities? Clarify your
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