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Quantity of Pizza Total utility of Pizza Quantity of Burgers Total utility of Burgers 1 60 1 40 2 120 2 70 3 132 3
Quantity of Pizza Total utility of Pizza Quantity of Burgers Total utility of Burgers
1 60 1 40
2 120 2 70
3 132 3 91
4 144 4 106
5 144 5 112
6 138 6 115
7 128 7 115
The table above shows Randall's utility from consuming pizzas and burgers. Pizzas cost $6 each while burgers cost $3 each. If Randall has $30 to spend, what is his optimal consumption bundle? Show your logic and calculations.
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