Image transcription text Student’s completed experiment tally sheets Price of Price of Available ouch budget 520.00 mu mu (score) (score) from 1 to 5 spent

Image transcription text Student’s completed experiment tally sheets
Price of
Price of
Available
ouch
budget
520.00
mu
mu
(score)
(score)
from 1 to
5 spent
from 1
$ spent
TOTAL
TOTAL
order of
100
$4.00
on
order of
to 100
$2.00
MONEY
BUDGET
Chickon
Chickon
SPENT
REMAINING
mus
Fries
mu
sandwich
mus
Fries
sandwich
ist
100
25
$4.00
1at
$2.00
56.00
$14.00
and
72
18
$4.00
2nd
20
10
$2.00
$12.00
$8.00
3rd
15
$4.00
ard
52.00
$18.00
$2.00
4th
Utillity
232
Utility
total utility for both itomis
308
Total $ Chicken sandwich
$12.00
Total $
Fries
$6.00
$18.00
$2.00
a. Is Jane maximizing her utility? Explain your reasoning and show any
calculations
No, she isn’t maximizing her utility. She’s not using the entire budget available leaving $2.00.
After the first sandwich and fries she doesn’t have an equal marginal utility per dollar across all
goods. The first sandwich and fries have a marginal utility of $2.00. The second sandwich has a
marginal utility of $18 while the second fries have a marginal utility of $10. Third order consist
of a sandwich with a marginal utility of $15 and fires of marginal utility of $3. The second and
third order don’t match.

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