Top Posters
Since Sunday
25
9
9
6
w
3
M
3
C
2
l
2
2
s
2
2

# Arnie Ziffel has $20 per week to spend on any combination of pineapples and green tea. The price of wrote... Posts: 9704 6 years ago Arnie Ziffel has$20 per week to spend on any combination of pineapples and green tea. The price of a pineapple is $4 and the price of a bottle of green tea is$2. The table below shows Arnie's utility values. Use the table to answer the questions that follow the table.

Quantity of Pineapples   Total Utility   Marginal Utility   Marginal Utility per Dollar   Quantity of Green Tea   Total Utility   Marginal Utility   Marginal Utility per Dollar
1        32                  1        28
2        52                  2        46
3        64                  3        54
4        68                  4        60
5        70                  5        64
6        71                  6        66
7        71                  7        67

a.   Complete the table by filling in the blank spaces.
b.   Suppose Arnold purchases 4 pineapples and 2 bottles of green tea. Is he consuming the optimal consumption bundle? If so, explain why. If not, what combination should he buy and why?
Textbook

## Essentials of Economics

Edition: 4th
Authors:
6 Replies
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.'
Replies
Answer verified by a subject expert
Chimelo46Chimelo46
wrote...
Top Poster
Posts: 5639
6 years ago

### Related Topics

wrote...
6 years ago
 Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.'
wrote...
6 years ago
 The textbook reference in your signature really helped me narrow it down.Happy to help
wrote...
10 months ago
 thank you
wrote...
A month ago
 Thanks!Post Merge: A month agoThank you
wrote...
3 weeks ago
 aaa