Please give me correct answer with calculation and full explanation otherwise i give down voteNote:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. The following table shows Madison's utility from consuming popcorn and Coke. Suppose that Madison has income of $51.00, the price of popcorn is $6.00, and the price of Coke is $13.50. If Madisonwants to maximize her utility, how much popcorn and Coke should she buy?Madison should buy boxes of popcorn andQuantity123456PopcornMarginal Utility19214496482412cans of Coke. (Enter your responses as integers.)CokeMarginal Utility1441087236189

The total income for Madison is $51. The price of popcorn is $6.The price of coke is $13.5.The…

Answered: The following table shows Madison's…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please give me correct answer with calculation and full explanation otherwise i give down vote

Note:-

Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.

Answer completely and accurate answer.

Rest assured, you will receive an upvote if the answer is accurate.

The following table shows Madison's utility from consuming popcorn and Coke. Suppose that Madison has income of $51.00, the price of popcorn is $6.00, and the price of Coke is $13.50. If Madison
wants to maximize her utility, how much popcorn and Coke should she buy?
Madison should buy boxes of popcorn and
Quantity
1
2
3
4
5
6
Popcorn
Marginal Utility
192
144
96
48
24
12
cans of Coke. (Enter your responses as integers.)
Coke
Marginal Utility
144
108
72
36
18
9

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