Joseph has a budget of $11 to spend at the food court in the mall. His two favorite items are tacos (Product X) which cost $5 and cinnamon buns (Product Y) which cost $2. In the schedule below you can see the marginal utility for each of his favorite foods. What combination would maximize Joseph's utility and meal?
Product X Product Y Quantity MUX Quantity MUY 32 24 24 16 5 8
a. 1 Taco and 2 cinnamon buns
b. 1 Taco and 3 cinnamon buns
c. 2 Tacos and 1 cinnamon bun
d. 3 Tacos and 1 cinnamon bun
Answers: 2
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Joseph has a budget of $11 to spend at the food court in the mall. His two favorite items are tacos...
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