Question: Only respond if you know exactly how to solve this the correct way. No wrong answers please. Given the following information briefly respond to the

Only respond if you know exactly how to solve this the correct way. No wrong answers please. Given the following information briefly respond to the questions.

2 3 . Sue has $26 to spend on lunch (i.e, her budget is $26). 4 . The price of a cheeseburger is $5 5 . The price of French fries is $3 6 7 Product Marginal Utility Price per Unit Money Spent Product Marginal Utility Price per Unit Money Spent 8 Cheeseburger MU MU/S Cheeseburger French Fries MU MU/S Fries Total Money Spent Total Budget Remaining Ist cheeseburger 40 8 $5 Ist Fries 18 6.00 $3 $8 $18 10 2nd cheeseburger 24 4.8 $5 2nd Fries 7.7 2.57 $3 $16 $10 11 3rd cheeseburger 16 3.2 $5 3rd Fries 6 2.00 $3 $24 $2 12 13 Total spent on cheeseburgers $15 Total spent on fries $9 14 15 1. Is Sue maximizing her utility? 16 2. If Sue is not maximizing her utility, how would and could she maximize utility? What combination of cheeseburgers and fries will get her to maximum utility? 17 18 19 20

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