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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

  1. Joy has a budget of $21 to purchase buns and tarts. A tart cost $3 and a bun is $4

  1. 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

  1. What combination of bun and tart would maximise her utility?_______________________

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