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Utility Maximizing Rule Donuts, P :52 Coffees, P: 32 Marg. Utility perS ii of units -il 1 1l'ou must show your work to earn the

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Utility Maximizing Rule Donuts, P :52 Coffees, P: 32 Marg. Utility perS ii of units -il 1 1l'ou must show your work to earn the points for the assignment. Study Textbook and Powerpoint Notes for Chap. Utility Theory. Question Find the optimal ii of Drinks 8: Chips that Wlll maximize person's utility for the following incomes below. Calculate the Total Utility the person experienced from the It of Drinks 81 Chips you listed. Person must spend all their income but first use the Utility Maximization Rule. 1. Income = 56 it Donuts ii Coffees Total Utility 2. Income = $12 at Donuts ii Coffees Total Utility 3. Income :3 22 it Donuts it Coffees Total Utility

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