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The tables show the utility Parker experienced from consuming varying quantities of waffles and pancakes. Assume that waffles cost $2.00 each, pancakes cost $1.00 each,

The tables show the utility Parker experienced from consuming varying quantities of waffles and pancakes. Assume that waffles cost $2.00 each, pancakes cost $1.00 each, and that Parker has $8.00 to spend on these two goods. Since Parker cannot afford more than four waffles or eight pancakes, the utility is given only for quantities smaller thanthese.

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Quantity Total utility Marginal utility of waffles of waffles of waffles 100 100 2 180 80 240 60 270 30Quantity Total utility Marginal utility of pancakes of pancakes of pancakes 40 40 2 70 30 90 20 4 105 15 115 10 6 120 5 123 3 125

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