Question content area

Part $1$

Joe has $$$ to spend on apples and oranges. Given the information in the following$$ table, is Joe maximizing utilityLOADING...$?$

Product

Price

Quantity

Total

Utility

Marginal Utility of Last Unit

Apples

$$$

$50$ lbs$.$

Oranges

$$$

$40$ lbs$.$

Part $2$

$$Joe$\text{'}$s marginal utility per dollar spent on apples is

$$

enter your response here units of utility per dollar.

$$Joe$\text{'}$s marginal utility per dollar spent on oranges is

$$

enter your response here units of utility per dollar.

The total amount of his income Joes spends on apples and oranges is

$$

enter your response here dollars.