Give me correct answer with calculation and full explanation otherwise i give down vote Note:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. Leticia has $20 to spend on slices of pizza and sliders. Slices of pizza are $2 each andsliders are $1 each. The marginal utilities derived from each product are as shown in thefollowing table.Number of ItemsMU of Pizza SlicesMU of Sliders11105028040360204501053086127700800835US2Based on taste and preference alone, which good does Leticia prefer?

Consumers aim to maximize utility(U), which is the satisfaction derived from consuming services and…

Answered: Leticia has $20 to spend on slices of…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 2SCQ: Take Jeremys total utility information in Exercise 6.1, and use the marginal utility approach to...

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Give me correct answer with calculation and full explanation otherwise i give down vote

Note:-

Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.

Answer completely and accurate answer.

Rest assured, you will receive an upvote if the answer is accurate.

Leticia has $20 to spend on slices of pizza and sliders. Slices of pizza are $2 each and
sliders are $1 each. The marginal utilities derived from each product are as shown in the
following table.
Number of Items
MU of Pizza Slices
MU of Sliders
1
110
50
2
80
40
3
60
20
4
50
10
5
30
8
6
12
7
7
00
8
00
8
3
5
US
2
Based on taste and preference alone, which good does Leticia prefer?

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