Complete Table 19 Table 193
Michael's Utility Schedule Refer to Table 19

question 110

Multiple Choice

Complete Table 19.3 below.Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit.
$\begin{array}{llllll}\text { Units of}&\text { TU of}&\text {MU of }&\text { Units of}&\text {TU of }&\text {MU of }\\ \text {Cola }&\text { Cola}&\text {Cola }&\text {Pretzels }&\text { Pretzels}&\text {Pretzels }\\\hline 1&40&40&1&30&30\\2&\_\_\_&32&2&\_\_\_&20\\3&96&24&2&66&16\\4&112&\_\_\_&5&84&\_\_\_&\end{array}$
Table 19.3
Michael's Utility Schedule Refer to Table 19.3.If Michael has $48 to spend on cola and pretzels, what combination should he purchase in order to maximize his utility?

• A) Four colas and four pretzels.
• B) Five colas and two pretzels.
• C) Three colas and five pretzels.
• D) Five colas and five pretzels.