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Econ, you can use work File, thank you. You want to maximize your utility and find your consumer optimum. Here is a table of your
Econ, you can use work File, thank you.
You want to maximize your utility and find your consumer optimum.
Here is a table of your current situation:
Taco Bell drink: $1.00
Taco Bell burrito supreme: $5.00
Income: $11.00
DrinkTotal UtilityBurrito supremeTotal Utility
0000
11001600
222021100
328031500
433041600
535051650
Calculate the Marginal Utility then the MU/P to find Consumer Optimum.
How many drink(s) and burrito supreme(s) should you purchase to reach consumer optimum?
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