Chap. 7, Util. Max. Rule, Drink-Chip-1 ferences Mailings Review View Table Design Layout Av A a AaBbCcDdEe AaBbCcDdEe AaBbCCD AaBbCcDo A . L . E Normal No Spacing Heading 1 Heading 2 bunty maximizing Rule Equimarginal Rule Drink, P =$2 Chips, P= $1 Marg. Marg. Total Marg. Utility per $ Total Marg. Utility per $ # of units Utility Utility MU/PD Utility Utility MU/Pc 0 0 0 0 0 1 10 10 4 W N 8 8 7 6 6 6 3 4 4 UT 3 3 4 2 2 1 1 N W Study Powerpoint Notes for Chap. Utility Theory. Question Find the optimal # of Drinks & Chips that will maximize person's utility for the following incomes below. Calculate the Total Utility the person experienced from the # of Drinks & Chips you listed. Person must spend all their income, but first use the Utility Maximization Rule (Equimarginal Rule). 1. Income = $9 # Drinks # Chips Total Utility 2. Income = $12 # Drinks # Chips Total Utility # Drinks # Chips Total Utility 3. Income =$ 15 E