Utility Analysis Assignment Jayne Durr has gone to Fast Food Mexicana for lunch. She has decided on the following marginal utility for each of the products listed, determine her marginal utility per price (MU/P) of each product. Taco Burrito Chalupa Soda Price $0.95 Price $0.65 Price $1.05 Price $0.60 Q MU MU/P Q MU MU/P Q MU MU/P Q MU MU/P 0 0 0 0 0 0 0 0 0 0 0 1 30 31.58 1 19 29.23 15 14.29 1 21 35.00 2 25 26.32 2 15 23.08 2 5.71 2 8 13.33 3 12 12.63 3 7 10.77 3 2 1.90 3 3 5.00 4 5 5.26 4 5 7.69 4 0 0.00 4 0 0.00 a) Determine the choices Jayne Durr, as a rational consumer, will make to maximize her satisfaction. Order of Total $ Choice Product MU/P Price Spent 1st Soda 35 0.6 0.6 2nd Taco 31.58 0.95 1.55 3rd Burrito 29.23 0.65 2.2 4th Taco 26.32 0.95 3.15 5th 23.08 Burrito 0.65 3.8 6th Chalupa 14.29 1.05 4.85 7th Soda 13.33 0.6 5.45 8th 12.63 0.95 6.4 Taco 9th Burrito 10.77 0.65 7.05 10th Burrito 7.69 0.65 7.7 11th Chalupa 5.71 1.05 8..75 12th 5.26 9.7 Taco 0.95Part II: Purchases The self interest hypothesis implies that a consumer will purchase the product which provides the highest marginal utility per price - attempting to maximize satisfaction - given a limited amount of spending, a budget. b) If Jayne Durr plans to spend no more than $5.00 for lunch, what wi l she order? m- c] If Jayne Durr decides to make one more purchase, in spite of her budget, what would it be? How much will she spend for that item? What is her total lunch bill? Burrito Chalupa d) If Jayne decides to stay within her budget but also decides she could receive 10 MU by purchasing a $0.50 candy bar somewhere else, what would she order at Fast Food Mexicana. Product Price Amt. Total Taco 0.95 Burrito 0.65 Chalupa 1.05 Soda 0.60 Total e) If Fast Food Mexican had a half price Chalupa sale, what would Jayne Durr order (she has a $5.00 budget and the candy bar option)? Product Price Amt. Total Taco 0.95 Burrito 0.65 Chalupa 1.05 Soda 0.60 Total