Question 4
cruzbusiness
1. What combination of the two goods below allows you to maximize your utility with a budget constraint of $14? Show how you arrived at your conclusion in the space provided below. Place your final answers on the lines at the bottom of this page.
PRICE = $0.50 per pint
| Bottles of glue | Total Utility (Utils) |
| 1 | 15 |
| 2 | 23 |
| 3 | 30 |
| 4 | 35 |
| 5 | 38 |
| 6 | 40.5 |
PRICE = $2.00 per box
| Bales of hay | Total Utility (Utils) |
| 1 | 10 |
| 2 | 22 |
| 3 | 36 |
| 4 | 52 |
| 5 | 70 |
| 6 | 90 |
Bottles of glue: _________________________
Bales of hay: ____________________________
11 years ago
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