Question: 1. Consider the following data from the table about a consumer. You have $16 to spend on dessert Price of Ice Cream = $2 per

1. Consider the following data from the table about a consumer. You have $16 to spend on dessert Price of Ice Cream = $2 per scoop Price of Cake: $4 per slice Quantity of TU Ice MU Ice MU/P Quantity TU MU MU/P Ice Cream Cream Cream of cake Cake Cake 4 10 2 3 6 4 4 . The amount of total utility you'd enjoy at that level of consumption What is: A The marginal utility adjusted for price for a quantity of 4 ice cream? B. What is the total utility of 5 slices of cake? C. What wil be the optimal consumption bundle in this example Ice Cream

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