0 1 44 2 Table: Optimal Choice of Milk and Honey Table: Optimal Choice of Milk and Honey Quantity of milk Total Utility

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0 1 44 2 Table Optimal Choice Of Milk And Honey Table Optimal Choice Of Milk And Honey Quantity Of Milk Total Utility 1 (80.17 KiB) Viewed 42 times

0 1 44 2 Table: Optimal Choice of Milk and Honey Table: Optimal Choice of Milk and Honey Quantity of milk Total Utility Quantity of honey Total Utility (in gallons) from milk (in jars) from honey 0 0 0 1 32 60 2 84 3 84 3 120 104 4 152 5 120 5 180 132 6 204 7 140 7 224 8 144 8 240 Use Table: Optimal Choice of Milk and Honey. The price of milk is $2 per gallon, and the price of honey is $4 per jar. Hal's income is $16. If he spends all of his income on milk, the most he can buy is _ gallons, and his total utility will be 4 6 8; 4 6; 12 8; 144 4; 104