Question: Ly Lab 6 (Question 2) ~ Lyryx Learning Inc - Google Chrome laecon1.lyryx.com/student-servlets/LabServlet?ccid=3692 dvan lyryx orning Print Preferences Help Lab 6 (Question 2) Name: Hang

Ly Lab 6 (Question 2) ~ Lyryx Learning Inc - Google Chrome laecon1.lyryx.com/student-servlets/LabServlet?ccid=3692 dvan lyryx orning Print Preferences Help Lab 6 (Question 2) Name: Hang Ma Date: 2020-06-28 Question 2 [33 points] 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 $5, the price of B is $7, and Cody has an income of $101. a) Find the following series of MU/$ for each column. Note: Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places. Column 1 Column 2 Column 3 Units of A MU MU/$ Units of B MU MU/$ Number of $ saved MU MU/S 64 WN 0 12 0 CONOUTAWN 79 59 69 0 VOUAWN 10 0 53 0 63 0 8 0 48 0 53 0 6 0 41 0 46 0 3 0 35 0 40 0 0 26 0 Co 30 0 0 18 21 0 0 b) What quantities of A and B will Cody purchase in maximizing his utility? Quantity of A: 0 Quantity of B: 0 c) How many dollars will Cody save? Dollars Saved = $0 Official Time: 21:50:06 SUBMIT AND MARK SAVE AND CLOSE ~ 91 / ENG 9:50 PM 2020-06-28
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