ECO 112 - Utility Monte Carlo Questions The marginal utility schedules for pizza and Selden Soda (your preferred brand of soda) are listed below. Pizza (slices) 1 Marginal Utility of Pizza Marginal Utility Per Dollar (M) (cans) Soda 20 1 2 16 3 12 2 Marginal Utility of Soda Marginal Utility Per Dollar (M) 9 3 7 4 4 6 5 5 5 6 0 6 4 7 7 8 8 8 2 9 -12 9 10 -16 10 1. The price of pizza is $2. The price of soda is $1. Fill in the columns labeled MU If you have $6 to spend, you can afford 6 sodas, or 3 pieces of pizza, or 2 pieces of pizza and 2 sodas, or 1 piece of pizza and 4 sodas. 2. What is total utility for 6 sodas? 3. What is total utility for 3 pieces of pizza? 4. What is total utility for 2 pieces of pizza and 2 sodas? 5. What is total utility for 1 piece of pizza and 4 sodas? 6. Which bundle gives the highest total utility? At the optimal bundle, what is true about the marginal utility per dollar spent on each good?