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You want to maximize your utility. Here isyour table: Jack in the Box drink: $1.00 Jumbo Jack with cheese: $5.00 Drink Total Utility Jumbo Jack
You want to maximize your utility. Here isyour table:
Jack in the Box drink: $1.00
Jumbo Jack with cheese: $5.00
Drink Total Utility Jumbo Jack Total Utility
0 0 0 0
1 100 1 600
2 220 2 1100
3 280 3 1500
4 330 4 1600
5 350 5 1650
1) What is the Average Utility for 2 drinks?
2) What is theMarginal Utility for4 drinks?
3) What is the Average Utility for 1 Jumbo Jack?
4) What is the Marginal Utility for 5 Jumbo Jacks?
5) What is theMU/P for3 drinks?
6) What is the MU/P for 3 Jumbo Jacks?
7) If you have $25.00 in your purse/wallet, what is the Consumer Optimum?
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