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B Number Total D of ice Marginal F Utility Marginal G cream Unlity Number from ice Utility Total of cans of Marginal Marginal Marginal Utility

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B Number Total D of ice Marginal F Utility Marginal G cream Unlity Number from ice Utility Total of cans of Marginal Marginal Marginal Utility cones from last Utility cream per price Uthry cone Coca per price M.U. from last per price MU cones Cola COca Coca M.U. Cola Cola P-$2.00 0 P S 3.00 0 P-$1 90 36 0 12 66 40 30 Lip 70 30 90 94 241 241 12 102 112 14 4 114 20 20 10 105 3 122 105 6 124 2 Assume that the price of Ice Cream Cones is $3.00 and the price of cans of Cola is $1.00 per can 1) Complete columns (C, D. G and 1) of the table above. (8 points) 2 ) If your budget constraint is $14.00, what is the utility maximizing combination of Ice Creamy 2L and Cola (4 points) 4 ( 102 ) 2 ( 70 ) If my budget constraint ise tela 3 ( 90) 5 ( 122 ) is $1400, the cotility 2 ( 6 6 ) 6 ( 124 ) 190 - maximized combination 1 ( 36 ) 6 ( 124 ) of Ice cream and Colt would be 3 ice cream cones and 5 cans of cola Assume that the price of Ice Cream Cones remains at $3.00 and the price of cans of Cola increases to $2.00 per can. 3 ) Complete column (1) in the table above. (2 point) Determine the utility maximizing combination of Ice Cream and Cola. (4 points) 4) IL If my budget constraint is still 4/ ( 102 ) 1 ( 40 ) 142 at $14.00 and there is an increase 3(90) 2 (70 ) in the price of canned calus ($2) 2 (6 6 ) 4 ( 14 4 ) 780 then the utility-maximized combination 1 ( 36 ) 5 ( 122) 1 158 @ would be 2 ice cream cones and O 16 ( 124 ) 124 4 cans of cold. /18 points

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