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Price & Money Coffee & Bagels Pc = 4 PB = 4 M = $ 1b Table of preference # BAGELS utility # coffee 40
Price & Money Coffee & Bagels Pc = 4 PB = 4 M = $ 1b Table of preference # BAGELS utility # coffee 40 44 60 0al 80 114 84 Marginal utility. B muB C 24 1 40 vo y 24 12 LD 8 4 2 Marginal Utility per Dollar muB muc B PB = 4 C PC = 4 10 5 9 4 -f -Ta rences Tenth Assignment Utilize the utility table we used today in class. Find the optimal bundle if the price of coffee changes from $4 to $2 (P'c = 2) while the price of a bagels (PB ) remains the same at $4 and money (M) remains unchanged at $16
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