Question

Quantity of Flower A Total Utility Marginal Utility Quantity of Flower B Total Utility Marginal Utility 1 16 16 1 30 30 2 30 14 2 46 16 3 42 12 3 61 15 4 52 10 4 75 14 5 60 8 5 88 13 6 66 6 6 100 12 7 70 4 7 111 11 Your mother needs help deciding how many of two kinds of flowers to purchase for a bouquet she is making. She wants to purchase two kinds of flowers: Flower A and Flower B. If the price of Flower A is $2 and the price of Flower B is $3, how many of Flower A should your mother purchase for her bouquet to maximize her utility if she can spend at most $17 on flowers

Answer 1

she should buy 4 As and 3 Bs

Step-by-step explanation:

utility per dollar

flower A flower B total money spent

1 flower 8 10 $5

2 flowers 7.5 7.67 $10

3 flowers 7 6.78 $15

4 flowers 6.5 $17

total 29 24.45 $17