1. What combination of the two goods below allows you to maximize your utility with a budget constraint of $14? Show how you arrived at your conclusion in the space provided below. Place your final answers on the lines at the bottom of this page.
PRICE = $0.50 per pint
|
Bottles of glue
|
Total Utility (Utils)
|
|
1
|
15
|
|
2
|
23
|
|
3
|
30
|
|
4
|
35
|
|
5
|
38
|
|
6
|
40.5
|
PRICE = $2.00 per box
|
Bales of hay
|
Total Utility (Utils)
|
|
1
|
10
|
|
2
|
22
|
|
3
|
36
|
|
4
|
52
|
|
5
|
70
|
|
6
|
90
|
Bottles of glue: _________________________
Bales of hay: ____________________________