Maria has $6.25 to spend on breakfast. Unfortunately, the snack bar in the building where she works has only three items: muffins at $1.50 each, soup at $1.25, and cappuccinos at $1.00 each.

a) Given her total utility figures in table below, Complete the MU columns. Round your answers to whole numbers.

Quantity	Muffins TU	Muffins MU	Muffins MU per $	Soup TU	Soup MU	Soup MU per $	Cappuccinos TU	Cappuccinos MU	Cappuccinos MU per $
1	114			70			50
2	180			120			95
3	228			150			130
4	267			160			150
5	285			165			152

b) How should she allocate her budget?

Muffin(s): _____

Soup: ______

Cappuccino(s): ______

Answer rating: 100% (QA)

a To complete the MU Marginal Utility columns we need to calculate the marginal utility for each item and the corresponding marginal utility per dollar spent Quantity Muffins TU Muffins MU Muffins MU ... View the full answer