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Question 1(Multiple Choice Worth 2 points) (01.06 HC) The following table shows the marginal utility that Renee receives from consuming hamburgers and hotdogs. Hamburgers Consumed Marginal Utility of Hamburgers Hotdogs Consumed Marginal Utility of Hotdogs 8 6 1 5 1 2 4 2 3 5 3 3 4 4 4 2 5 2 5 2 6 1 6 1 7 8 1 1 7 8 1 1 Assume that Renee has $15 of income and uses all her income consuming hamburgers and hotdogs. If the price of a hamburger is $3 and the price of a hotdog is $1.5, what combination of hotdogs and hamburgers will maximize utility for Renee? 5 hamburgers and 0 hotdogs 4 hamburgers and 2 hotdogs 3 hamburgers and 4 hotdogs O2 hamburgers and 6 hotdogs 01 hamburger and 8 hotdogs Question 2(Multiple Choice Worth 2 points) (01.06 HC) Below is the total benefit Michelle estimates she would get for eating handfuls of dried cranberries in one sitting. Number of Handfuls Total Benefit (dollars) 1 $2.00 2 $3.50 3 $4.50 4 $5.00 5 $5.25 6 $5.00 7 $4.00 If there is no cost to Michelle for a handful of dried cranberries, what is the optimal number of handfuls for her to eat? 2 03 4 05 06 >