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If soda became $1.50 a glass, what would Elena's new combination, total utility, and amount of money remaining from purchasing pizza and soda be? If
If soda became $1.50 a glass, what would Elena's new combination, total utility, and amount of money remaining from purchasing pizza and soda be? If there is a difference, explain your new answer based on MU/price.
Slices of Pizza | Total Utility | Marginal Utility | Price | MU/Price |
0 | 0 | - | - | - |
1 | 20 | 20 | $2.50 | 8 |
2 | 35 | 15 | $2.50 | 6 |
3 | 45 | 10 | $2.50 | 4 |
4 | 50 | 5 | $2.50 | 2 |
5 | 46 | -4 | $2.50 | -1.6 |
6 | 38 | -8 | $2.50 | -3.2 |
7 | 20 | -18 | $2.50 | -7.2 |
8 | 5 | -15 | $2.50 | -6 |
Glasses of Soda | Total Utility | Marginal Utility | Price | MU/Price |
0 | 0 | - | - | - |
1 | 12 | 12 | $1.50 | |
2 | 20 | 8 | $1.50 | |
3 | 24 | 4 | $1.50 | |
4 | 19 | -5 | $1.50 | |
5 | 13 | -6 | $1.50 | |
6 | 6 | -7 | $1.50 |
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