The local mall has a make-your-own sundae shop. Theycharge customers 35 cents for each fresh fruittopping and 25 cents for each processed topping.Barbara is going to make herself a sundae. Thetotal utility that she receives from each quantity oftopping is given by the following table:FreshFruitТоppingProcessedТоppingTotal Utility# of# of UnitsTotal UtilityUnits11011018219324327428433305382838724736If Barbara has $12 to spend on these goods , howmany fresh fruit toppings and processed toppingswill she purchase to maximize utility?

Utility: It refers to the level of satisfaction that the consumers gets from various goods and…

The local mall has a make-your-own sundae shop. They charge customers 35 cents for each fresh fruit topping and 25 cents for each processed topping. Barbara is going to make herself a sundae. The total utility that she receives from each quantity of topping is given by the following table: Fresh Fruit Topping Processed Topping # of Units Total Utility Total Utility # of Units 1 10 1 10 2 18 19 3 24 3 27 4 28 4 33 5 30 5 38 6. 28 38 7 24 7 36 If Barbara has $12 to spend on these goods , how many fresh fruit toppings and processed toppings will she purchase to maximize utility?

The local mall has a make-your-own sundae shop. They charge customers 35 cents for each fresh fruit topping and 25 cents for each processed topping. Barbara is going to make herself a sundae. The total utility that she receives from each quantity of topping is given by the following table: Fresh Fruit Topping Processed Topping # of Units Total Utility Total Utility # of Units 1 10 1 10 2 18 19 3 24 3 27 4 28 4 33 5 30 5 38 6. 28 38 7 24 7 36 If Barbara has $12 to spend on these goods , how many fresh fruit toppings and processed toppings will she purchase to maximize utility?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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