Question 16 marks
Not finished
A student has $24 each week for fruit pots and sandwiches. The figures show the marginal utility of the next unit at the student' present bundle.
| Item | Price | Marginal utility of next unit |
|---|---|---|
| Fruit pot | $3 | 18 utils |
| Sandwich | $6 | 24 utils |
Calculate marginal utility per dollar for each item and how the student could move towards consumer equilibrium. [6]