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.
$\begin{array}{|c|c|c|c|c|c|c|c|}
\hline \begin{array}{c}
\text { Quantity } \
\text { of } \
\text { Pineapples }
\end{array} & \begin{array}{c}
\text { Total } \
\text { Utility }
\end{array} & \begin{array}{c}
\text { Marginal } \
\text { Utility }
\end{array} & \begin{array}{c}
\text { Marginal } \
\text { Utility per } \
\text { Dollar }
\end{array} & \begin{array}{c}
\text { Quantity } \
\text { of Green } \
\text { Tea }
\end{array} & \begin{array}{c}
\text { Total } \
\text { Utility }
\end{array} & \begin{array}{c}
\text { Marginal } \
\text { Utility }
\end{array} & \begin{array}{c}
\text { Marginal } \
\text { Utility per } \
\text { Dollar }
\end{array} \
\hline 1 & 32 & & & 1 & 28 & & \
\hline 2 & 52 & & & 2 & 46 & & \
\hline 3 & 64 & & & 3 & 54 & & \
\hline 4 & 68 & & & 4 & 60 & & \
\hline 5 & 70 & & & 5 & 64 & & \
\hline 6 & 71 & & & 6 & 66 & & \
\hline 7 & 71 & & & 7 & 67 & & \
\hline
\end{array}$
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.
 $\begin{array}{|c|c|c|c|c|c|c|c|}
\hline  \begin{array}{c}
\text { Quantity } \
\text { of } \
\text { Pineapples }
\end{array} & \begin{array}{c}
\text { Total } \
\text { Utility }
\end{array} & \begin{array}{c}
\text { Marginal } \
\text { Utility }
\end{array} & \begin{array}{c}
\text { Marginal } \
\text { Utility per } \
\text { Dollar }
\end{array} & \begin{array}{c}
\text { Quantity } \
\text { of Green } \
\text { Tea }
\end{array} & \begin{array}{c}
\text { Total } \
\text { Utility }
\end{array} & \begin{array}{c}
\text { Marginal } \
\text { Utility }
\end{array} & \begin{array}{c}
\text { Marginal } \
\text { Utility per } \
\text { Dollar }
\end{array} \
\hline 1 & 32 & & & 1 & 28 & & \
\hline 2 & 52 & & & 2 & 46 & & \
\hline 3 & 64 & & & 3 & 54 & & \
\hline 4 & 68 & & & 4 & 60 & & \
\hline 5 & 70 & & & 5 & 64 & & \
\hline 6 & 71 & & & 6 & 66 & & \
\hline 7 & 71 & & & 7 & 67 & & \
\hline
\end{array}$ 
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.
 $\begin{array}{|c|c|c|c|c|c|c|c|}
\hline  \begin{array}{c}
\text { Quantity } \
\text { of } \
\text { Pineapples }
\end{array} & \begin{array}{c}
\text { Total } \
\text { Utility }
\end{array} & \begin{array}{c}
\text { Marginal } \
\text { Utility }
\end{array} & \begin{array}{c}
\text { Marginal } \
\text { Utility per } \
\text { Dollar }
\end{array} & \begin{array}{c}
\text { Quantity } \
\text { of Green } \
\text { Tea }
\end{array} & \begin{array}{c}
\text { Total } \
\text { Utility }
\end{array} & \begin{array}{c}
\text { Marginal } \
\text { Utility }
\end{array} & \begin{array}{c}
\text { Marginal } \
\text { Utility per } \
\text { Dollar }
\end{array} \
\hline 1 & 32 & & & 1 & 28 & & \
\hline 2 & 52 & & & 2 & 46 & & \
\hline 3 & 64 & & & 3 & 54 & & \
\hline 4 & 68 & & & 4 & 60 & & \
\hline 5 & 70 & & & 5 & 64 & & \
\hline 6 & 71 & & & 6 & 66 & & \
\hline 7 & 71 & & & 7 & 67 & & \
\hline
\end{array}$ 
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