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Using the table below of information on $1 Twix and $2 Reeses, what combination of candy would maximize utility, with your $5? (candy cannot be
Using the table below of information on $1 Twix and $2 Reeses, what combination of candy would maximize utility, with your $5? (candy cannot be split in half; you cannot buy more than what is listed on the table) Qty $1 Twix TU Twix MU Twix U/$ $2 Reeses TU Reeses MU Reeses U/$ 1 10 10 10 20 20 10 2 15 5 5 32 12 6 3 18 3 3 34 2 1 With your $5 total, how many Twix and how many Reeses could you buy to maximize utility? If you had only $7 to spend on candy, what combination of candy would you buy to maximize utility? Go for the biggest bang for the a All Twix b 3 Twix + 1 Reese c All Reeses d 1 Twix + 2 Reeses
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