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Joy has a budget of $21 to purchase buns and tarts. A tart cost $3 and a bun is $4. Complete the table below: Quantity
- Joy has a budget of $21 to purchase buns and tarts. A tart cost $3 and a bun is $4. Complete the table below:
| Quantity of Tart | Total Utility | Marginal Utility | Marginal Utility per Dollar | Quantity of Bun | Total Utility | Marginal Utility | Marginal Utility per Dollar | |
| 0 | 0 | 0 | 0 | |||||
| 1 | 21 | 1 | 28 | |||||
| 2 | 36 | 2 | 48 | |||||
| 3 | 48 | 3 | 64 | |||||
| 4 | 57 | 4 | 76 | |||||
| 5 | 63 | 5 | 84 |
- What combination of bun and tart would maximise her utility?_______________________
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Research Methods Design And Analysis
Authors: Larry Christensen
13th Edition
0205961258, 978-0205961252
