Arnie Ziffel has $20 per week to spend on any combination of pineapples and green tea.The price of a pineapple is $4 and the price of a bottle of green tea is $2.The table below shows Arnie's utility values.Use the table to answer the questions that follow the table.
$\begin{array}{|c|c|c|c|c|c|c|c|}
\hline&&& \text {Marginal}& \text {Quantity }&&&\text {Marginal}\
\text {Quantity of }& \text {Total }&\text { Marginal }& \text {Utility per}& \text {of Green}&\text {Total }&\text {Marginal}&\text {Utility per}\
\text {Pineapples}& \text {Utility}& \text {Utility}& \text {Dollar}& \text { Tea}&\text {Utility}&\text {Utility}& \text {Dollar} \
\hline 1 & 32 & & & 1 & 28&& \
\hline 2 & 52 & & & 2 & 46&& \
\hline 3 & 64 & & & 3 & 54 &&\
\hline 4 & 68 & & & 4 & 60&& \
\hline 5 & 70 & & & 5 & 64 &&\
\hline 6 & 71 & & & 6 & 66&& \
\hline 7 & 71 & & & 7 & 67&&\
\hline
\end{array}$
a.Complete the table by filling in the blank spaces.
b.Suppose Arnold purchases 4 pineapples and 2 bottles of green tea.Is he consuming the optimal consumption bundle? If so,explain why.If not,what combination should he buy and why?

Question

Arnie Ziffel has $20 per week to spend on any combination of pineapples and green tea.The price of a pineapple is $4 and the price of a bottle of green tea is $2.The table below shows Arnie's utility values.Use the table to answer the questions that follow the table.
 $\begin{array}{|c|c|c|c|c|c|c|c|} 
\hline&&& \text {Marginal}& \text {Quantity }&&&\text {Marginal}\
 \text {Quantity of }& \text {Total }&\text { Marginal }& \text {Utility per}& \text {of  Green}&\text {Total }&\text {Marginal}&\text {Utility per}\ 
 \text {Pineapples}& \text {Utility}& \text {Utility}& \text {Dollar}& \text { Tea}&\text {Utility}&\text {Utility}& \text {Dollar} \
\hline 1 & 32 & & & 1 & 28&& \
\hline 2 & 52 & & & 2 & 46&& \
\hline 3 & 64 & & & 3 & 54 &&\
\hline 4 & 68 & & & 4 & 60&& \
\hline 5 & 70 & & & 5 & 64 &&\
\hline 6 & 71 & & & 6 & 66&& \
\hline 7 & 71 & & & 7 & 67&&\
\hline 
\end{array}$
 a.Complete the table by filling in the blank spaces.
b.Suppose Arnold purchases 4 pineapples and 2 bottles of green tea.Is he consuming the optimal consumption bundle? If so,explain why.If not,what combination should he buy and why?

Quizplus · Accepted Answer

The Answer of Arnie Ziffel has $20 per week to spend on any combination of pineapples and green tea.The price of a pineapple is $4 and the price of a bottle of green tea is $2.The table below shows Arnie's utility values.Use the table to answer the questions that follow the table.
 $\begin{array}{|c|c|c|c|c|c|c|c|} 
\hline&&& \text {Marginal}& \text {Quantity }&&&\text {Marginal}\
 \text {Quantity of }& \text {Total }&\text { Marginal }& \text {Utility per}& \text {of  Green}&\text {Total }&\text {Marginal}&\text {Utility per}\ 
 \text {Pineapples}& \text {Utility}& \text {Utility}& \text {Dollar}& \text { Tea}&\text {Utility}&\text {Utility}& \text {Dollar} \
\hline 1 & 32 & & & 1 & 28&& \
\hline 2 & 52 & & & 2 & 46&& \
\hline 3 & 64 & & & 3 & 54 &&\
\hline 4 & 68 & & & 4 & 60&& \
\hline 5 & 70 & & & 5 & 64 &&\
\hline 6 & 71 & & & 6 & 66&& \
\hline 7 & 71 & & & 7 & 67&&\
\hline 
\end{array}$
 a.Complete the table by filling in the blank spaces.
b.Suppose Arnold purchases 4 pineapples and 2 bottles of green tea.Is he consuming the optimal consumption bundle? If so,explain why.If not,what combination should he buy and why?

Arnie Ziffel Has $20 Per Week to Spend on Any