ASAP!! ANSWER PLEASE  Danish Wali has Rs.70 to spend on apples and bananas and wants to maximize his utility on his purchase. Based on the data in the table:   How many apples and bananas should Danish purchase? What is his total utility from the purchase? Does the utility-maximizing rule hold true for his purchase? Explain.   Apples Rs.10     Bananas Rs .5 Quantity MU TU Quantity MU TU 0 - - 0 - - 1 28 28 1 12 12 2 24 52 2 10 22 3 20 72 3 8 30 4 16 88 4 6 36 5 12 100 5 4 40 6 8 108 6 2 42 7 4 112 7 0 42 8 0 112 8 -2 40

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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ASAP!! ANSWER PLEASE 

Danish Wali has Rs.70 to spend on apples and bananas and wants to maximize his utility on his purchase. Based on the data in the table:

 

  1. How many apples and bananas should Danish purchase?
  2. What is his total utility from the purchase?
  • Does the utility-maximizing rule hold true for his purchase? Explain.

 

Apples Rs.10

 

 

Bananas Rs

.5

Quantity

MU

TU

Quantity

MU

TU

0

-

-

0

-

-

1

28

28

1

12

12

2

24

52

2

10

22

3

20

72

3

8

30

4

16

88

4

6

36

5

12

100

5

4

40

6

8

108

6

2

42

7

4

112

7

0

42

8

0

112

8

-2

40

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