Lee has calculated her marginal utility from buying pizza slices and soda (shown on the table in the worksheet) and wants to use these data to decide how to rationally spend the money she has. The...

Lee has calculated her marginal utility from buying pizza slices and soda (shown on the table in the worksheet) and wants to use these data to decide how to rationally spend the money she has. The price of pizza is $2.00 and the price of soda is $2.00

question 9

(a) given these prices and your worksheet calculations, what is the first product lee will buy?
(b) would lee ever buy four slides of pizza? Why/why not?

question 10
Given the data in your worksheet, how many pizza slices and sodas lee should buy to maximize her total utility if she rationally spends her budget of 10.00?


question 11

when the price of pizza changes, lee's MU/$P changes. If the price of pizza decreases to $1.50 and her budget decreases to $7.50, how many pzza slices and sodas lee should buy to maximize her total utility?

Extracted text: Q8: Bottle of Pizza Slice of Pizza Pzza Soda Price Pizza Price 1 Price 2 Quantity MU / $P MU / $ P1 MU / S P2 Marginal Utility (MU) Marginal Utility (MU) 1 10 12 8. 6. 4 -1 -1 Q 9 (a) (b) Q 10 Budget: Pizza Sodas Calculate her total utility Q 11 Budget: Pizza Sodas Calculate her total utility