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Table: Optimal Choice of Milk and Honey Table: Optimal Choice of Milk and Honey Quantity of milk Total Utility Quantity of honey Total Utility (in
Table: Optimal Choice of Milk and Honey Table: Optimal Choice of Milk and Honey Quantity of milk Total Utility Quantity of honey Total Utility (in gallons) from milk (in jars) from honey 32 44 60 LAWN-S 84 120 104 152 120 180 132 204 140 224 144 240 Use Table: Optimal Choice of Milk and Honey. The price of milk is $2 per gallon, and the price of honey is $4 per jar. Hal's income is $16. If he spends all of his income on milk, the most he can buy is _gallons, and his total utility will be O 8:4 O 6; 12 O 8: 144 4; 104
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