Business, 22.02.2020 04:47 lberman2005p77lfi

Quantity of Corn Total Utility Marginal Utility Quantity of Steaks 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 family is deciding how much corn and steak to purchase for a 4th of July picnic. You and your family decide to make a utility schedule which appears above. If the price of corn is $1 and price of a steak is $1, how many steaks should your family purchase for their 4th of July picnic if you have a budget of $6?

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Quantity of Corn Total Utility Marginal Utility Quantity of Steaks Total Utility Marginal Utility

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