Question: following table to answer the question. Chips Consumed Marginal Utility Soda Consumed Marginal Utility 0 0 1 18 1 12 2 15 2 10 3

following table to answer the question. Chips Consumed Marginal Utility Soda Consumed Marginal Utility 0 0 1 18 1 12 2 15 2 10 3 12 3 8 4 9 4 6 5 6 5 4 6 3 6 2 7 0 7 0 Which of the following combinations of chips and soda represent the consumer optimum for a consumer who has $7 to spend and the price of chips is $1 each and the price of soda is $2 each? 1) choose the one you think is correct, 2) explain why this is correct or choose one incorrect option and explain why that option is incorrect (use theories you learned from the course to explain, give proper calculation if needed) 4 chips and 2 sodas 0 chips and 4 sodas 2 chips and 3 sodas 5 chips and 1 soda

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