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Suppose you have a budget of $6 and donuts and ice cream sandwiches cost $1 each. According to the table, what is the consumer optimum?
Suppose you have a budget of $6 and donuts and ice cream sandwiches cost $1 each. According to the table, what is the consumer optimum? Number of donuts Total Utility of donuts Marginal Utility of donuts Number of ice cream sandwiches Total Utility of ice cream sandwiches Marginal Utility of ice cream sandwiches 0 0 - 0 0 - 1 10 10 1 8 8 2 19 9 2 15 7 3 26 7 3 21 6 4 30 4 4 25 4 5 30 0 5 27 2 6 29 -1 6 27 0 ice cream sandwiches
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