Utility Your classmate is extremely hungry, and decided to go to the store to get some snacks. There are two choices, i...
Utility Your classmate is extremely hungry, and decided to go to the store to get some snacks. There are two choices, ice cream or doughnuts. He/she/they can only buy the next snacik after finishing the one he/she already has. Answer the following questions. Q1. Fill in your classmate's response. How much is he/shefthey willing to pay for each quantity of snack? Ice cream 10 10 Q3. Suppose the ice cream is $2 for each scoop, the doughnut is $3 each. Using the data from Q1, fill in the table below Ice Cream Doughnuts MU MU/P MU | MU/P 0 10 13 15 Q4. Using the data from Q3, graph the TU, MU, and MU/P for each product. Ice cream Doughnut
Utility Your classmate is extremely hungry, and decided to go to the store to get some snacks. There are two choices, ice cream or doughnuts. He/she/they can only buy the next snacik after finishing the one he/she already has. Answer the following questions. Q1. Fill in your classmate's response. How much is he/shefthey willing to pay for each quantity of snack? Ice cream 10 10 Q3. Suppose the ice cream is $2 for each scoop, the doughnut is $3 each. Using the data from Q1, fill in the table below Ice Cream Doughnuts MU MU/P MU | MU/P 0 10 13 15 Q4. Using the data from Q3, graph the TU, MU, and MU/P for each product. Ice cream Doughnut