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You are hungry and thirsty, but only have $11.00 in your wallet/purse. You want to maximize your utility and find your consumer optimum. Here is a table of your current situation:
McDonald's Any Size drink: $1.00
McDonald's Chicken Nuggets: $5.00
Drink Total Utility Chicken Nuggets 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
Calculate the Average Utility, Marginal Utility and Marginal Utility over Price (MU/P) and find Consumer Optimum.
How many drink(s) and chicken nugget(s) should you purchase to reach consumer optimum?
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