The following table shows Madison's utility... from consuming
popcorn and Coke. Suppose that Madison has income of $18.00, the
price of popcorn is $6.00, and the price of Coke is $1.50. If
Madison wants to maximize her utility, how much popcorn and Coke
should she buy?
Popcorn Coke
Quantity Marginal Utility Marginal Utility
1 192 144
2 144 108
3 96 72
4 48 36
5 24 18
6 12 9
Madison should buy
?? boxes of popcorn and
?? cans of Coke. (Enter your responses as integers.)
Get Answers For Free
Most questions answered within 1 hours.