Question: answer below questions QUESTION 26 utilities derived from each product are as follows: Number Refer to the table below to answer question 26-27. A child
answer below questions

QUESTION 26 utilities derived from each product are as follows: Number Refer to the table below to answer question 26-27. A child is given R1 of pocket money to be spent on either hard candies or chocolates. Chocolates cost 10 cents and hard candies 20 cents each, The marginal MU of of item s MU of chocolates hard candies 150 140 120 100 8238 26. Which combination should be bought with the R1 to maximize total utility? 6 chocolates and 2 hard candies O 4 chocolates and 3 hard candies 2 chocolates and 4 hard candies 0 chocolates and 5 hard candies QUESTION 27 What will total utility be when the consumer purchases the utility-maximizing combination of products? 100 150 500 620
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