Answer:
Assuming that Hal spends all of his income on honey and milk, the combination of milk and honey that will maximize his total utility is 2 jars of honey and 4 gallons of milk.
Explanation:
This question is missing a table that should be as follows:
quantity total util. marginal quantity total util. marginal
of milk from milk utility per $ of honey from honey utility per $
1 32 16 1 44 11
2 60 14 2 84 10
3 84 12 3 120 9
4 104 10 4 152 8
5 120 8 5 180 7
6 132 6 6 204 6
7 140 4 7 224 5
8 144 2 8 240 4
We should purchase quantities that yield the same marginal utility per dollar spent, options are:
