Now we can apply the utility$-$maximizing rule. What combination of boxes of paper clips and packs of gum maximizes my utility?

Elias Velazquez DiAz

$2$ boxes of paper clips and $4$ packs of gum

Economics Professor

If I purchase $2$ boxes of paper clips and $4$ packs of gum, what is my total utility from BOTH goods?

Continue

$\backslash$table$[[$Quantity$,\backslash$table$[[$TU: Boxes$],[$of Paper$],[$Clips$]],\backslash$table$[[$MU: Boxes$],[$of Paper$],[$Clips$]],\backslash$table$[[$Clips $/],[$Price of$],[$Paper$],[$Clips$]],\backslash$table$[[$TU: Packs$],[$of Gum$]],\backslash$table$[[$MU: Packs$],[$of Gum$]],\backslash$table$[[$MU Gum $/],[$Price of$],[$Gum$]]],[0,0,--,--,0,--,--],[1,14,14,28,12,12,48],[2,26,12,24,22,10,40],[3,36,10,20,30,8,32],[4,45,9,18,36,6,24],[5,50,5,10,40,4,16]]$

TU $=$ Total Utility MU $=$ Marginal Utility

Price of Box of Paper Clips $=$$$0\mathrm{.}50$

Price of Pack of Gum $=$$$0\mathrm{.}25$

Budget $=$$$2\mathrm{.}00$

$)x)Y$