The following table shows Madison's utility from consuming popcorn and Coke. Suppose that Madison has income of $9.00, the price of popcorn is $3.00, and the price of Coke is $0.75. If Madison wants to maximize her utility, how much popcorn and Coke should she buy? Popcorn Marginal Utility Coke Quantity Marginal Utility 192 144 144 108 3 96 72 4 48 36 5 24 18 12 9 Madison should buy boxes of popcorn and cans of Coke. (Enter your responses as integers.)

The following table shows Madison's utility from consuming popcorn and Coke. Suppose that Madison has income of $9.00, the price of popcorn is $3.00, and the price of Coke is $0.75. If Madison wants to maximize her utility, how much popcorn and Coke should she buy? Popcorn Marginal Utility Coke Quantity Marginal Utility 192 144 144 108 3 96 72 4 48 36 5 24 18 12 9 Madison should buy boxes of popcorn and cans of Coke. (Enter your responses as integers.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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CS 11 Economics
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