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. Required InformationThe following graph shows the marginal utility derived from milk and giant cookies purchased by Sandeep.Marginal Usility14120Cookies3 4 5 6 7 8 9 10Quantity per periodRefer to the above graph to answer this question-If the price of milk is $2, the price of a cookie is $1 and Sandeep has a budget of $7, how many will he purchase if he wishes to maximize his total utility?Multiple ChoiceO milk and 7 cookles.1 milk and 5 cookies.2 milk and 3 cookles.3 milk and 1 cookle.3 milk and 4 cookies.V

TU is the overall satisfaction or utility(U) derived from consuming a certain quantity of a service…

The following graph shows the marginal utility derived from milk and giant cookies purchased by Sandeep. 450710 Multiple Cholce Quantity per period Refer to the above graph to answer this question-If the price of milk is $2, the price of a cookie is $1 and Sandeep has a budget of $7, how many will he purchase if he wishes to maximize his total utility O milk and 7 cookles. 1 milk and 5 cookies.