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1. Consider the following set of marginal and total utilities where the price per bottle of beer is $3, the price per slice of pizza
1. Consider the following set of marginal and total utilities where the price per bottle of beer is $3, the price per slice of pizza is $2, and a consumer has $20 in total to spend. Beer (x) Pizza (y) Marginal Total Marginal Total Utility Utility Utility Utility From From ron From Units Beer Beer Pizza Pizza 42 42 32 32 30 72 22 54 20 92 14 68 12 104 76 110 82 112 87 7 112 87 How much of each good will the consumer purchase to maximize utility? What will the consumer's marginal utility per last dollar spent be for each item? What is the consumer's total utility? 2. Now the prices stay the same, but the consumer has $35 in total to spend. How much of each good will the consumer purchase to maximize utility? What will the consumer's marginal utility per last dollar spent be for each item? What is the consumer's total utility
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