Question 4

1.     
What combination of the two goods below allows you to maximize your utility with a budget constraint of $14? Show how you arrived at your conclusion in the space provided below. Place your final answers on the lines at the bottom of this page.

 PRICE = $0.50 per pint Bottles of glue Total Utility (Utils) 1 15 2 23 3 30 4 35 5 38 6 40.5   PRICE = $2.00 per box Bales of hay Total Utility (Utils) 1 10 2 22 3 36 4 52 5 70 6 90

Bottles of glue: _________________________

Bales of hay: ____________________________