Given the following information on quantity consumed of caviar and total utility for James Ryan; answer the following:

Quantity(in ounces)

Total Utility (in dollars)

1

50

2

75

3

88

4

95

5

99

a)What is the Marginal Utility for each additional ounce of caviar?

b)At a price of $12 an ounce, how many ounces of caviar should James Ryan purchase to optimize his satisfaction?

c)What is his consumer surplus at this optimal level of consumption?