Question: Question 2 [33 points] Answer the following questions using the following information. Columns 1 and 2 in the table below show the marginal utility that
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Question 2 [33 points] Answer the following questions using the following information. Columns 1 and 2 in the table below show the marginal utility that Cody gets by purchasing products A and B. Column 3 shows the marginal utility Cody gets from saving. Assume that the price of A is $5, the price of B is $13, and Cody has an income of $113. a) Find the following series of MU/$ for each column. Note: Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places. Column 1 Column 2 Column 3 Units of A MU MU/$ Units of B MU MU/$ Number of $ saved MU MU/$ 72 0 77 0 10 O N - 64 0 72 0 O WON 54 0 63 0 O 4 48 0 4 55 0 O 38 0 5 49 CONOUT A WON ANOMONO O 28 O 42 O 21 0 7 37 0 11 0 CO 30 O b) What quantities of A and B will Cody purchase in maximizing his utility? Quantity of A: 0 Quantity of B: 0 c) How many dollars will Cody save? Dollars Saved = $0
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