Question: Part 3 - More Practice - The tables below showAvery's total utility from purchasing different amounts of toy horses and pickles. Fill in the blanks

Part 3 - More Practice - The tables below showAvery's total utility from purchasing different amounts of toy horses and pickles. Fill in the blanks in the chart then answer the questions below. Toy Horses (Price = $3) Total Marginal Marginal Utility Quantity Utility Utility Per Dollar lst Pickles (Price = $4) Total Marginal Marginal Utility Quantity Utility Utility Per Dollar Ii 5 D. - -- -- r -- [El- --- 8. What would Avery's total utility be from purchasing 3 toy horses and 2 pickles? 9. If Avery has a budget of $25, how many toy horses and how many pickles should she purchase to maximize her total utility? 10. Assume Avery's budget decreased to only $14, how many toy horses and how many pickles should she purchase to maximize her total utility? 11. Assume Avery now has a budget of $11 but the price of pickles fell to $2. What combination of toy horses and pickles would maximize Avery's total utility? 12. If the price of toy horses falls from $3 to $2, will Avery's demand curve for toy horses increase. decrease. or stay the same? Explain

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