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Jan loves eating toast and drinking cans of pop. The table below shows his marginal utility measured in terms of dollars, that Is, In $MU.

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Jan loves eating toast and drinking cans of pop. The table below shows his marginal utility measured in terms of dollars, that Is, In $MU. PIECES OF TOAST POP Pieces $MU Cans $MU 1.50 3.00 1.46 2 2. 50 w 1.00 13 2. 00 0. 60 4 1. 20 3.20 15 0. 20 6 -0. 20 6 -0. 50 Suppose that Jan has a budget of $7 and the price of both the toast and the pop is $1.00. a) How many of each item will Jan buy to maximize his total utility? Pleces of toast: Cans of pop b) How much $ total utility will he derive? Round your answer to 2 decimal places. Total utility of $ c) How much total consumer surplus will he obtain from each item? Round your answers to 2 decimal places. Toast $ Pop: $ Now, suppose that Jan moves back to his parents' home, where he considers eating to be a free activity. d. How much of each Item will he now consume? Pieces of toast. Cans of pop: e. How much total consumer surplus will he now obtain from each item? Round your answers to 2 decimal places Toast S Pop: $

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