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I need help with this as soon as possible! Thank you!! Moka Joes Coffee & Cafe in Fort Smith sells the best muffins, soups and

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I need help with this as soon as possible! Thank you!!

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Moka Joes Coffee & Cafe in Fort Smith sells the best muffins, soups and cappuccinos. You just won a scholarship and decide to treat yourself and your best friend to lunch. You have budgeted $12 and decided to use your newly acquired Microeconomic skills to help you decide what you will buy for lunch! Fort Smith = $12 Muffins $ 2.25 Soup $ 2.50 Cappuccino $ 2.00 Marginal Marginal Marginal Total Marginal Total Marginal Total Marginal Utility Quantity Utility per Utility per Utility Utility Utility Utility Utility Utility per $dollar $dollar $dollar TU MU MU/$ TU MU MU/$ TU MU MU/$ 1 60 120 70 2 110 186 130 3 140 234 160 4 160 273 170 5 162 291 175 Required: 1. Fill in the table above and calculate the marginal utility and marginal utility per dollar. (6 marks) 2. How many of each item will you buy? You have budgeted $12 for your lunch. (Select your lunch purchases based on the highest marginal utility per dollar for each item above. Continue to buy lunch items until you run out of money or do not have enough money to buy another item.) (5 marks) 3. How much total utility will you and your friend derive from your choices? (3 marks) 6. How much money do you have left over? (1 mark)

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