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A child is given $2.80 of pocket money to be spent on either hard candies or chocolates Chocolates cost 40 cents an hard candies 80

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A child is given $2.80 of pocket money to be spent on either hard candies or chocolates Chocolates cost 40 cents an hard candies 80 cents each. The marginal utilities derived from each product are as shown in the following table: Number of Items 1 2 3 4 NO MU of Chocolates 60 50 40 30 20 10 5 0 MU of Hard Candies 150 140 120 100 80 70 50 20 6 Refer to the above table. When the child purchases the utility-maximizing combination of chooclates and hard candies total utility will be: 740 470 940 620 840

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