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Instructions for Questions 1-6 Use the table below for questions 1-6. First, you should calculate the marginal utility column for both gum and candy. Then,

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Instructions for Questions 1-6 Use the table below for questions 1-6. First, you should calculate the marginal utility column for both gum and candy. Then, using the proper price for each item, calculate the marginal utility per dollar. For this scenario, gum costs $2.00 and candy costs $1.00. The consumer has $10 to spend. Marginal Marginal Quantity of Total utility Marginal Marginal utility of Utility of Quantity of Total Utility utility of utility of gum of gum candy gum gum/$ of candy candy candy/$ 1 10 1 6 2 18 2 11 3 24 3 15 4 28 4 18 5 30 5 20

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