Question: Read Whole question. Microeconomics Question 7 (Marks 4) . Columns I through 4 in the table show the marginal utility, measured in utils, that Ricardo

Read Whole question. Microeconomics Question 7 (Marks 4) . Columns I

Read Whole question. Microeconomics

Question 7 (Marks 4) . Columns I through 4 in the table show the marginal utility, measured in utils, that Ricardo would get by purchasing various amounts of products A, B, C, and D. Total income to spend 200. Price of A= 36, Price of B= 12 Price of C= 8 Price of D= 48 Unit of MU Unit of MU Unit of MU Unit of MU A B C D 144 1 48 1 30 1 72 2 108 2 30 2 24 2 60 3 90 3 24 3 16 48 4 72 18 4 14 4 36 5 54 5 14 5 10 5 26 6 36 6 10 6 8 6 14 7 30 7 4 7 7 7 8 8 24 8 2 8 6 8 4 What quantities of A, B, C, and D will Ricardo purchase in maximizing his utility? Can we get higher utility by using any other method? justify your

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