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6. Utility Maximization You just won a $100 shopping spree at a store that sells only DVDs and CD5. You are trying to determine what

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6. Utility Maximization You just won a $100 shopping spree at a store that sells only DVDs and CD5. You are trying to determine what combination of these two goods would maximize your utility. The price of CDs is $10 and DVDs are $20. Below is the total utility you receive from consuming these goods. CDs . Total Utility I DVDs . Total Utility .. 1 . 60 .. .. 1' . 160 2 " 1'10 " ' 2 " 300 3 150 3 420 4 180 4 520 5 200 5 600 6 210 ' 6 " 660 a. calculate the marginal utility and marginal utility per dollar for each unit of each good. ( 12.5) b. If you only had $100, EXPLAIN how you determine the utility maximizing combination of CD5 and DVDs? ( I25)

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