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Quantity of Notebooks total utility Quantity of CD's Total Utility 0 0 0 0 2 70 1 80 4 130 2 150 6 180 3

Quantity of

Notebooks total utility Quantity of CD's Total Utility

0 0 0 0

2 70 1 80

4 130 2 150

6 180 3 210

8 220 4 260

10 250 5 300

Income = $50, Price of a Notebook = $5, Price of a CD = $10

*What is the marginal utility for CD's at the optimal consumption bundle of CD's?

*What is the marginal utility per dollar for Notebooks at the optimal consumption bundle of Notebooks?

*What is the marginal utility per dollar for CD's at the optimal consumption bundle of CD's?

*What is the Total Utility at the optimal consumption bundle of Notebooks and CD's?

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