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? Quantity 1 Popcorn Marginal Utility Coke Marginal Utility 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.)
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? Quantity 1 Popcorn Marginal Utility Coke Marginal Utility 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.)
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 2QFR
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