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Everyone in the Smith household loves bicycles, and with four family members it seems the Smith are always shopping for new bikes. As rational consumers

Everyone in the Smith household loves bicycles, and with four family members it seems the Smith are always shopping for new bikes. As rational consumers who optimize their decisions, they have constructed the table below so they can get the best "bang for his buck" when purchasing bikes in the coming year. I need help with answering part a : In what order will the Smiths choose to purchase the bikes below?

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. Everyone in the Smith household loves bicycles, and with four family members it seems the Smiths are always shopping for new bikes. As rational consumers who optimize their decisions, they have constructed the table below so they can get the best "bang for his buck" when purchasing bikes in the coming year. a) (3 points) In what order will the Smiths choose to purchase the bikes below? Bike Name Marginal Utility Price A Specialized Chisel 4,000 $1,200 Mountain Bike B Specialized 8.000 $2,720 StumpJumper Mountain Bike C Cannondale 14,000 $4,200 SuperSix Evo Road Bike D Benno Ballooner 1,125 $1,100 Beach Cruiser E Cannondale CAAD 10,000 $2,400 12 Road Bike

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