Marginal Utility of Coffee (for (dollars per cup) | 1st cup) Price of Coffee Price of Orange Marginal Utility of Orange Juice (for 1st glass) Juice (dollars per glass) $3 60 $2 50 a) Calculate the MU per dollar for Coffee b) Calculate the MU per dollar for Orange Juice

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Q: Q2. You drink only Coffee or Orange juice Price of Coffee Marginal Utility of Coffee (for (dollars…

A: Part a) MU per dollar for coffee = MU of coffee / price of coffee = 60/3= 20.

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