Give em correct answer with proper calculationNote:-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 $18.00, the price of popcorn is $6.00, and theprice of Coke is $1.50. If Madison wants to maximize her utility, how much popcorn andCoke should she buy?QuantityPopcornMarginal UtilityCokeMarginal Utility119214423456144108967248362418129Madison should buyboxes ofpopcorn andcans of Coke. (Enter your responsesas integers.)

A rational consumer maximizes utility by trying to attain the highest indifference curve possible…

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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Give em correct answer with proper calculation

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 $18.00, the price of popcorn is $6.00, and the
price of Coke is $1.50. If Madison wants to maximize her utility, how much popcorn and
Coke should she buy?
Quantity
Popcorn
Marginal Utility
Coke
Marginal Utility
1
192
144
23456
144
108
96
72
48
36
24
18
12
9
Madison should buy
boxes of
popcorn and
cans of Coke. (Enter your responses
as integers.)

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