Question: Question6 pts Edit this Question Delete this Question (a) Clams (price of clams = $4 per pound) (b) Potatoes (price of potatoes = $2 per

Question6 pts Edit this Question Delete this Question (a) Clams (price of clams = $4 per pound) (b) Potatoes (price of potatoes = $2 per pound) Marginal Marginal utility per Marginal utility per Marginal Quantity of Utility from pound of utility per Quantity of Utility from pound of utility per clams clams clams dollar potatoes potatoes potatoes dollar (pounds) (utils) (utils) (utils) (pounds) (utils) (utils) (utils) O 0 15 3.75 11.5 5.75 15 11.5 10 2.50 9.9 4.95 2 25 2 21.4 1.50 8.4 4.20 31 3 29.8 0.75 7.0 3.50 34 4 36.8 0.50 5.7 2.85 36 5 42.5 4.5 2.25 6 47.0 3.5 1.75 Consider a consumer's limited budget of $24 and the following utility combination: Two (2) pounds of clams. . Six (6) pounds of potatoes. 1. Is it the utility-maximizing combination, yes, or not? 2. Demonstrate and explain your answer #1 based on the two (2) consumer equilibrium conditions to maximize utility: a) consumer's budget is totally exhausted through this combination, b) marginal utility per dollar (last dollar spent on each good yields the same marginal utility). Use formulas, do the math, and indicate the units of measurement. Answers must be separated and indicating the question's number

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