Lilly Davis has $5 per week to spend on any combination of ice cream and candy. The price of an ice cream cone is $2 and the price of a candy bar is $1. The table below shows Lilly's utility values. Use the table to answer the questions that follow the table.
a. Complete the table by filling in the blank spaces.
b. Suppose Lilly purchases 2 ice cream cones and 1 candy bar. Is she consuming the optimal consumption bundle? If so, explain why. If not, what combination should she buy and why?
Definitions:
Retail Tobacco Displays
These are marketing materials or setups used in stores to advertise and sell tobacco products to consumers.
Health Risks
Potential factors or conditions that may lead to illness or health problems.
Subject Line
The title or headline of an email, designed to provide a summary or a reason for the email to encourage the recipient to read it.
AIDA Message
A marketing communication model that stands for Attention, Interest, Desire, and Action, intended to engage consumers and motivate them to act.
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