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# (Solved): Table 1: Price of each dinner: Steak \$10.00 Pasta \$5.00 Table 2: ...

Table 1: Price of each dinner: Steak \$10.00 Pasta \$5.00 Table 2: Total Spending by Depending on Mix of Steak & Pasta No. of Steak Dinners Number of Pasta Dinners 0 1 2 3 4 5 6 7 8 0 \$0.00 \$5.00 \$10.00 \$15.00 \$20.00 \$25.00 \$30.00 \$35.00 \$40.00 1 \$10.00 \$15.00 \$20.00 \$25.00 \$30.00 \$35.00 \$40.00 \$45.00 \$50.00 2 \$20.00 \$25.00 \$30.00 \$35.00 \$40.00 \$45.00 \$50.00 \$55.00 \$60.00 3 \$30.00 \$35.00 \$40.00 \$45.00 \$50.00 \$55.00 \$60.00 \$65.00 \$70.00 4 \$40.00 \$45.00 \$50.00 \$55.00 \$60.00 \$65.00 \$70.00 \$75.00 \$80.00 5 \$50.00 \$55.00 \$60.00 \$65.00 \$70.00 \$75.00 \$80.00 \$85.00 \$90.00 6 \$60.00 \$65.00 \$70.00 \$75.00 \$80.00 \$85.00 \$90.00 \$95.00 \$100.00 7 \$70.00 \$75.00 \$80.00 \$85.00 \$95.00 \$100.00 \$105.00 \$110.00 8 \$80.00 \$85.00 \$90.00 \$95.00 \$100.00 \$105.00 \$110.00 \$115.00 \$120.00 Table 3: Edd's Utility (estimated) Steak Dinners Pasta Dinners Steak Dinners per month Total Utility from all steak dinners consumed Marginal Utility of this dinner (MUsteak) Pasta Dinners per month Total Utility from all pasta dinners consumed Marginal Utility from this dinner (MUpasta) 0 0 0 0 0 0 1 200 1 80 2 380 2 70 3 540 3 60 4 680 4 50 5 800 5 40 6 900 6 30 7 980 7 20 8 1040 8 10 Table 4: Ratio of Marginal Utilities of Last Steak Dinner Consumed to Last Pasta Dinner Consumed ( MUsteak / MUpasta ) No. of Steak Dinners Number of Pasta Dinners 1 2 3 4 5 6 7 8 1 2.5 2.86 3.33 4 5 6.67 10 20 2 2.25 2.57 3 3.6 4.5 6 9 18 3 2 2.29 2.67 3.2 4 5.33 8 16 4 1.75 2 2.33 2.8 3.5 4.67 7 14 5 1.5 1.71 2 2.4 3 6 12 6 1.25 1.43 1.67 2 2.5 3.33 5 10 7 1 1.14 1.33 1.6 2 2.67 4 8 8 0.75 0.86 1 1.2 1.5 2 3 6 80 70 60 50 40 30 20 10

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