Question: Apply the Skill Consumers are constantly considering how to maximize the utility of their scarce budget or time. So, you are considering how many carrots


Apply the Skill Consumers are constantly considering how to maximize the utility of their scarce budget or time. So, you are considering how many carrots and celery stalks to buy at the store to make a healthy snack. If we assume that you like both carrots and celery and have a limited budget of $3 set aside to buy both carrots and celery, use the table below to help figure out what combination of carrots and celery would maximize the utility of your budget. Assume that the price of each carrot is $.50 and the price of each celery stalk is $0.75. Also, explain how marginal thinking plays a role in your decisions. Number of Marginal Utility Number of Marginal Utility Carrots of Carrots Celery Stalks of Celery Stalks 10 12 2 8 2 9 3 6 3 6 4 4 4 5 5 5 3 6 6
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