The table below shows your utility from consuming cake and cookies. Qty of Utility MU of MU/$

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The table below shows your utility from consuming cake and cookies. Qty of Utility MU of MU/$ of Qty of Utility of MU of MU/$ of cake of cake cake cake cookies cookies cookies cookies 0 0 0 0 20 15 30 22 AWN 38 3 28 43 32 UI + 5 45 30 1. Fill in the missing information in the table if the price of cake is $2 and the price of cookies is $1. 2. What happens to your MU as you consume more cake? As you consume more cookies? What economic concept explains the change in your MU as you consume more of these goods? 3. Use marginal analysis to determine how many cakes and how many cookies you will purchase to maximize your utility if your budget is $10. Show your work

Posted Date: Jun 20, 2024 08:05 PM

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The table below shows your utility from consuming cake and cookies. Qty of Utility MU of MU/$

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