Columns 1 through 4 of the accompanying table show the marginal utility, measured in utils, that Ricardo would get by pu

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Columns 1 Through 4 Of The Accompanying Table Show The Marginal Utility Measured In Utils That Ricardo Would Get By Pu 1 (30 KiB) Viewed 11 times

Columns 1 through 4 of the accompanying table show the marginal utility, measured in utils, that Ricardo would get by purchasing various amounts of products A, B, C, and D. Assume that the prices of A, B, C, and D are $18, $6, $4, and $24, respectively, and that Ricardo has an income of $105. Column 1 Units of A MU 12345678 36 Column 2 12 Units of B 244567181512 IN34SGT 00 HELSTSEE 1 2 5 6 MU 7 24 15 12 9 7 5 Column 3 2 Units of C MU 1 2 234567 00 3 5 52875 + 15 12 4 Column 4 3.5 Units of D 7 8 1 8 3 8 123456 80 5 MU 36 30 24 18 13 b. How many dollars will Ricardo choose to save? 7 4 NA 2 a. What quantities of A, B, C, and D will Ricardo purchase in maximizing his utility? c. Check your answers by substituting them into the algebraic statement of the utility-maximizing rule. In other words, show it works when using this rule.