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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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