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need details explanation 2) Assume the table below represents the marginal utility an average individual in TRNC can get from eating dinner at home and

need details explanation

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2) Assume the table below represents the marginal utility an average individual in TRNC can get from eating dinner at home and at a restaurant. Answer the questions accordingly. Price Meal at Home Meal at Restaurant 1000 2000 2 875 1750 3 750 1500 4 625 1250 5 500 1000 6 375 750 7 250 500 a) Choose two bundles, each one with at least one mean at home and one meal at a restaurant. Calculate the utility average individual gets from these bundles. b) Assume a meal in restaurant costs 500 TL while, a meal at home costs 300 TL. Calculate the costs of the bundles you have created in section a. c) Find out and compare MU/p for meal at home and meal at restaurant for each bundle and compare them

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