The following table shows Madison's utility, from consuming popcom and Coke: Suppose that Madison thas income of $39.00, the price of popcom is $3.00, and the price of Coke is $13.50. If Madison wants to maximize her utility, how much popcorn and Coke should she buy? Coke Popcom Marginal Utility 96 72 Quantity Marginal Utility 144 2. 108 72 36 48 3 4. 24 12 18 6. cans of Coke. (Enter your responses as Madison should buy boxes of popcom and integers.)

The following table shows Madison's utility, from consuming popcom and Coke: Suppose that Madison thas income of $39.00, the price of popcom is $3.00, and the price of Coke is $13.50. If Madison wants to maximize her utility, how much popcorn and Coke should she buy? Coke Popcom Marginal Utility 96 72 Quantity Marginal Utility 144 2. 108 72 36 48 3 4. 24 12 18 6. cans of Coke. (Enter your responses as Madison should buy boxes of popcom and 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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