Quantity 1 2 3 4 Muffins Marginal Utility 80 70 O a. 145 utils. O b. 331 utils. O c. 96 utils. O d. 146 utils. O e. 56 utils. 60 50 Grapefruit Marginal Utility 75 72 66 62 5 40 56 Refer to the above information to answer this question. If Erica has a budget of $5 and the price of a muffin is $2 and a grapefruit is $1, what will be the total utility of her optimal purchase?
Quantity 1 2 3 4 Muffins Marginal Utility 80 70 O a. 145 utils. O b. 331 utils. O c. 96 utils. O d. 146 utils. O e. 56 utils. 60 50 Grapefruit Marginal Utility 75 72 66 62 5 40 56 Refer to the above information to answer this question. If Erica has a budget of $5 and the price of a muffin is $2 and a grapefruit is $1, what will be the total utility of her optimal purchase?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Quantity
1
2
3
4
Muffins Marginal
Utility
80
70
O a.
145 utils.
O b.
331 utils.
O c.
96 utils.
O d. 146 utils.
O e. 56 utils.
60
50
Grapefruit Marginal
Utility
75
72
66
62
5
40
56
Refer to the above information to answer this question. If Erica
has a budget of $5 and the price of a muffin is $2 and a
grapefruit is $1, what will be the total utility of her optimal
purchase?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd0ff64fb-a1f4-4c72-83d2-26bdea377b04%2F14b2b256-debd-41e1-8ac0-b27442f1c432%2Fz4t1b8c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Quantity
1
2
3
4
Muffins Marginal
Utility
80
70
O a.
145 utils.
O b.
331 utils.
O c.
96 utils.
O d. 146 utils.
O e. 56 utils.
60
50
Grapefruit Marginal
Utility
75
72
66
62
5
40
56
Refer to the above information to answer this question. If Erica
has a budget of $5 and the price of a muffin is $2 and a
grapefruit is $1, what will be the total utility of her optimal
purchase?
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