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5. You can only consume two goods: tacos and cokes. The price of each taco is $4.00 and the price of each coke is $2.00

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5. You can only consume two goods: tacos and cokes. The price of each taco is $4.00 and the price of each coke is $2.00 and you have only $20 dollars to spend. Tacos $4 each Cokes $2 each MU MU per MU MU per O 5 10 15 20 25 30 Total Utility 180 340 480 600 700 780 0 5 10 15 20 25 30 Total Utility 100 180 240 280 310 330 a. How do you allocate your budget? (What would you buy first second... last). Use the table below to make your calculations. Please show your work. b. What would be the TOTAL UTILITY you obtain from your purchase? (Show your calculations) c. Define the Law of Diminishing Marginal Utility. How can it be explained by looking at the table above

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