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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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