Lilly Davis has $5 per week to spend on any combination of ice cream and candy. The price of an ice cream cone is $2 and the price of a candy bar is $1. The table below shows Lilly's utility values. Use the table to answer the questions that follow the table. Quantity Marginal Utility per of Ice Total Marginal Quantity Total Marginal Cream Utility Utility of Candy Utility Utility Dollar Cones 1 20 1 20 38 2 38 3 52 3 48 62 4 54 a. Complete the table by filling in the blank spaces. p. Suppose Lilly purchases 2 ice cream cones and 1 candy bar. Is she consuming the optimal consumption bundle? If so, explain why. If not, what combination should she buy and why? 2.

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