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Continuing from the previous question, we want to know Peter's optimal consumption bundle. In order to find Peter's optimal consumption bundle, we must first make
Continuing from the previous question, we want to know Peter's optimal consumption bundle. In order to find Peter's optimal consumption bundle, we must first make a column for mginal utility of milkshakes and a column for mginal utilitym. Solve for variables A and B in this table. Marginal Marginal Quantity Total Utility Utility MU/Price Quantity Total Utility Utility MU/Price 5 53 13 4 115 21 6 75 12 5 135 20 7 36 A 6 154 B 8 96 10 7 171 17 O A=11; B=19 O A=11; B=18 Q A=10.5; 3:195 o A2115; 3218.5
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