Question
No of portions Total utility of Satay Total utility of Rendang 1 100 160 2 190 310 3 270 450 4 340 580 5 400
No of portions | Total utility of Satay | Total utility of Rendang |
1 | 100 | 160 |
2 | 190 | 310 |
3 | 270 | 450 |
4 | 340 | 580 |
5 | 400 | 700 |
6 | 450 | 810 |
7 | 490 | 910 |
8 | 520 | 1000 |
9 | 540 | 1080 |
10 | 550 | 1150 |
An individual is given a voucher worth RM300 to spend in a Malay restaurant which sells only rendang and satay. The table below above show the total utility of rendang and satay that Dr.Mustafa earn after IFTAR. If a portion of satay is RM15 and a portion of rendang is RM30, a) investigate the quantity of satay and quantity of rendang that maximises the utility of Dr. Mustafa; show the break down of the calculation in table form that arrive to the answer with the formula used b) calculate the total marginal utility earn by Dr.Mustafa in equilibrium , show the breakdown of the calculation that arrive to the answer with the formula used in a table form
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