These tables show Peter’s Marginal Utility for various amounts

| November 24, 2016

. These tables show Peter’s Marginal Utility for various amounts of sweaters and movie tickets.

Sweaters MU from Sweaters Movies MU from Movies

1 15 1 20

2 13 2 18

3 10 3 15

4 8 4 12

5 6 5 10

6 3 6 7

. If The price of sweaters is $10, how much MU per dollar would he get from the first sweater?b. If the price of sweaters falls to $4, how much MU per dollar would he get from the first sweater?c. The price of sweaters is $10, the price of movies is $10, and Peter has $50 to spend. Whatcombination of sweaters and movies will maximize his total utility? [no fractional purchases]d. The price of sweaters falls to $4, the price of movies is still $10, and Peter has $50 to spend. Whatcombination of sweaters and movies will maximize his total utility? [no fractional purchases]. Thanks

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