Table 1 shows Jerry’s total utility from burgers and magazines. The price of a burger is $2, the price of a magazine is $4, and Jerry has $12 a week to spend.

1. Calculate Jerry’s marginal utility and marginal utility per dollar from burgers when he buys 4 burgers a week. Calculate Jerry’s marginal utility per dollar from magazines when he buys 1 magazine a week.

2. If Jerry buys 4 burgers and 1 magazine a week, does he maximize his total utility? To maximize total utility will he buy more or fewer burgers? Explain.

3. What quantities of burgers and magazines maximize Jerry’s utility?

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TABLE 1 Quantity per week 01234 Burgers 4 Total utility 0 14 24 32 38 Magazines Quantity per week 0 1 2 3 4 Total utility 0 100 120 134 144