Determine Jasons marginal utility for coffee and bagel.

pri Show more Jason likes to consume bagel and coffee at Fast Breakfast. The price of bagel is $1.50 while the price of coffee is $2. The table below shows the quantity and total utility for Jasons consumption of bagel and coffee. Use the information to answer the questions below. 1/ 30/ 1/ 20 so this is the table 1 and under is number of bagels. 2nd row (30) is totalutility from consumption of bagel 1 is number of cofee and under 20 is total utility from consumption of coffee 2 45 2 30 3 57 3 46 4 66 4 60 5 73.5 5 72 6 76.5 6 76 7 73.5 7 70 a) Determine Jasons marginal utility for coffee and bagel. b) Supposing Jason has no budget constraint determine Jasons optimal combination of bagel and coffee. c) Supposing Jasons maximum budget for breakfast is $10 determine Jasons optimal combination of bagel and coffee. d) Supposing the cost of coffee beans increases and Fast Breakfast increases the price of coffee from $2 to $4 determine Seans optimal combination of bagel and coffee. (Jasons budget remains at $10). Please show all workings and present your answer in a table Show less

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