Question: begin { tabular } { | c | c | c | c | c | } hline multirow [ t ]
begintabularccccc
hline multirowtbegintabularl
Sam allocates income between milk and cereal. Milk costs
$ per gallon, and cereal costs $ per box. Sam has $
each week to spend on both goods. The table shows Sam's
marginal utility MU for varying levels of milk and cereal
consumption.
Given the information provided, how should Sam allocate income between milk and cereal to arrive at the optimal consumption bundle?
endtabular & begintabularl
Milk
gallons
endtabular & M Utext milk & Cereal boxes & M Utext cereal
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hline multirowSam should purchase gallons of m & & & &
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hline multirowtand boxes of cereal. & & & &
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endtabular
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