4. The price of Axe is $3 and the price of chalk is $5. If you are an optimizing consumer with a budget of $35 who only spends money on Axe and chalk, then tell how many of each you would buy and what would be your total utility. Show your work. MU of chalk MU of Axe 36 21 32 20 27 18 20 15 15 12 9 9 4 6 1 3 Quantity 1 2 3 4 5 6 7 8 Number of Axe: Number of chalk: Total utility:

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4.
The price of Axe is $3 and the price of chalk is $5. If you are an optimizing consumer
with a budget of $35 who only spends money on Axe and chalk, then tell how many of each you
would buy and what would be your total utility. Show your work.
MU of chalk
MU of Axe
36
21
32
20
27
18
20
15
15
12
9
9
4
6
1
3
Quantity
1
2
3
4
5
6
7
8
Number of Axe:
Number of chalk:
Total utility:
Transcribed Image Text:4. The price of Axe is $3 and the price of chalk is $5. If you are an optimizing consumer with a budget of $35 who only spends money on Axe and chalk, then tell how many of each you would buy and what would be your total utility. Show your work. MU of chalk MU of Axe 36 21 32 20 27 18 20 15 15 12 9 9 4 6 1 3 Quantity 1 2 3 4 5 6 7 8 Number of Axe: Number of chalk: Total utility:
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