The following table shows Madison's utility from consuming popcorn and Coke. Suppose that Madison has income of $18.00, the price of popcorn is $6.00, and the price of Coke is $1.50. If Madison wants to maximize her utility, how much popcorn and Coke should she buy? Quantity 1 Popcorn Marginal Utility Coke Marginal Utility 192 144 2 144 108 3 96 72 4 48 36 5 24 18 6 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 $18.00, the price of popcorn is $6.00, and the price of Coke is $1.50. If Madison wants to maximize her utility, how much popcorn and Coke should she buy? Quantity 1 Popcorn Marginal Utility Coke Marginal Utility 192 144 2 144 108 3 96 72 4 48 36 5 24 18 6 12 9 Madison should buy boxes of popcorn and cans of Coke. (Enter your responses as integers.)

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter6: Consumer Choice And Demand

Section: Chapter Questions

Problem 2QFR

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The following table shows Madison's utility from consuming popcorn and Coke.
Suppose that Madison has income of $18.00, the price of popcorn is $6.00, and the
price of Coke is $1.50. If Madison wants to maximize her utility, how much popcorn and
Coke should she buy?
Quantity
Popcorn
Marginal Utility
Coke
Marginal Utility
1
192
144
23456
144
108
96
72
48
36
24
18
12
9
Madison should buy
boxes of
popcorn and
cans of Coke. (Enter your responses
as integers.)

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