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Given a budget of $37, Price of good A = $5, Price of good B = $15, answer the following questions: a. (2pts) Calculate marginal

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Given a budget of $37, Price of good A = $5, Price of good B = $15, answer the following questions: a. (2pts) Calculate marginal Utility per dollar for good A (MUA/PA) and good B (MUB/PB). b. (2 pts) Using the optimal consumption rule (equal-marginal utility per dollar) to maximize utilit what is the bundle of goods that maximizes total utility (remember your budget is $37)? Quantity MUA MUB MUA/PA MUB/PB 1 35 60 2 30 45 3 25 30 4 20 15 5 15 Tip: marginal Utility per dollar = marginal Utility / price or MU/P

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