Question: Answer the following questions using the following information. Columns 1 and 2 in the table below show the marginal utility that Cody gets by purchasing

Answer the following questions using the following information. Columns 1 and 2 in the table below show the marginal utility that Cody gets by purchasing products A and B. Column 3 shows the marginal utility Cody gets from saving. Assume that the price of A is $7, the price of B is $11, and Cody has an income of $118. a) Find the following series of MUI$ for each column. Note: Keep as much precision as possible during your calculations. Your nal answer should be accurate to at least two decimal places. b) What quantities of A and B will Cody purchase in maximizing his utility? Quantity of A: Quantity of B: c) How many dollars will Cody save? Dollars Saved = $I

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