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Use the data in the table below to answer the following question.

Use the data in the table below to answer the following question.

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The price elasticity of demand (based on the midpoint formula) when price increases from $6 to $8 is

 b-3.29 c-137 a-033 d-1 



Use the following information to answer the question below Bob is given 54 of pocket money to be spent on either hard candies or chocolates Chocolates cost $ 40 each and hard candies cost $ 80 each. The marginal utilities derived from the consumption of each product are as shown in the following table 

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Which combination would maximize Bob's tot utility given her $4 budget? 

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