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A. Fill in the missing total utility, marginal utility, and marginal utility/price (MU/Price). Place the final answer for each in the correct shaded area within the table.
Bottles of Soda Pop
Number of Pretzels
Bottles of Soda Pop Consumed
Total Utility
Marginal Utility
MU/Price
Number of Pretzels Consumed
0
1
20
2
50
18
4
3
14
6
120
15
60
8
140
5
64
10
150
62
12
B. George has $28.00 to spend on soda pop and pretzels. Determine the number of cans of soda pop and pretzels that will be optimal for George. Explain your reasoning regarding how you chose that consumption point.
Submission Requirements:
Support your final answer for optimal consumption. Submitting only a final answer will not earn credit.
- Attach a Word document; all answers should be included in this document.
- Times New Roman, 12-point font.
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