Hi,

Please see the file attached.

Please explain how you calculate for: a-last column, b and c.

Thank you

Question 2 [33 points] Answer the following questions using the following information. Columns 1 and 2 in the table below show the marginal utility that Cody gets by purchasing products A and B. Column 3 shows the marginal utility Cody gets from saving. Assume that the price of A is $10, the price of B is $5, and Cody has an income of $118. a) Find the following series of MU/$ for each column. Note: Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places. Column 1 Column 2 Column 3 Units of A MU MU/$ Units of B MU MU/$ Number of $ saved MU MU/$ 70 7 72 14.4 0 65 6.5 N 67 13.4 A W N - W N 59 5.9 3 57 11.4 0 0 4 52 5.2 4 50 10 0 5 42 4.2 5 42 8.4 0 6 37 3.7 6 32 6.4 0 32 3.2 26 5 .2 00 - ) 00 - - 00 - 0 24 2.4 21 4.2 b) What quantities of A and B will Cody purchase in maximizing his utility? Quantity of A: 5 Quantity of B: 8 c) How many dollars will Cody save? Dollars Saved = $13