1. Let the following table represents the total utility of a given consumer, in the cardinal utility approach. 1 2 3 4 TUX TUy MUX MUY MUx/Px MUy/Py 8 14 18 20 20 6. 10 13 15 16 A) Calculate the MUx...

Let the following table represents the total utility of a given consumer, in the cardinal utility approach.

Q	1	2	3	4	5
Tux	8	14	18	20	20
Tuy	6	10	13	15	16
Mux
Muy
Mux/px
Muy/py

A) Calculate the MUx and MUy and fill the table in the 4th and 5th rows. B) If the two products (X&Y) are free goods how many of X and Y should the cons

consumer

take to maximize utility?

C) What is the maximum utility of X and Y if they are free?.

Extracted text: 1. Let the following table represents the total utility of a given consumer, in the cardinal utility approach. 1 2 3 4 TUX TUy MUX MUY MUx/Px MUy/Py 8 14 18 20 20 6. 10 13 15 16 A) Calculate the MUx and MUy and fill the table in the 4th and 5th rows. B) If the two products (X&Y) are free goods how many of X and Y should the consumer take to maximize utility? C) What is the maximum utility of X and Y if they are free?.