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The table shows Jim's utility for bagels and apple cider. quantity MU bagel MU cider 1 20 22 2 10 16 3 9 12 4

The table shows Jim's utility for bagels and apple cider.

quantity MU bagel MU cider

1 20 22

2 10 16

3 9 12

4 6 8

5 4 4

1. Which product does Jim prefer more?Why?

2.Fill in the empty columns immediately next to the MU bagels and MU cider.

3.If Jim has a budget of $20, the price of bagels is $2 and cider is $4, what will be his optimal purchase?

_______ number of bagels and ___________ number of ciders

4.What is his 4th pick?And Why?

5.what is Jim's total utility?________ utils.

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