Suppose tacos cost $3 each and hot dogs cost $2 each. The table below shows the marginal utility that Fred gets from consuming these two goods. Fill in the values in the marginal utility per dollar columns (MU/P) for each good. Marginal Utility Marginal Utility Marginal Utility Marginal Utility
of Tacos of Tacos per dollar Hot of Hot Dogs of Hot Dogs per
Tacos MU (P = $3) MU/P Dogs MUh Dollar (Ph = $2)
MUh/Ph
1 15 1 20
2 12 2 16
3 9 3 10
4 6 4 6
To maximize utility, if Fred has $12 to spend, he should consumetaco(s) andhot dog(s).

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2