Suppose that Omar's marginal utility for cups of coffee is constant at 5.5 utils per cup no matter how many cups he drinks In contrast, hs marginal utility per doughnut is 10 for the first doughnut he eats, 9 for the second, 8 for the third, and so on (that is, declining by 1 ul per additional doughnut), in addition, suppose that coffee costs $1 per cup, doughnuts cost $1 each, and Omar has a budget that he can spend only on doughnuts, coffee, or both How big would that budget have to be before he will spend a dollar buying a first cup of coffee? Instructions: Enter your answer as a whole number

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Form Utility

The term utility in general refers to the satisfaction earned from usage of a particular product or service. Utility always plays an important role because it influences various important elements like demand & thereby the price of the good or service as well. Though utility is not easy to measure, various types of economic models can be used indirectly. There can be various types of utilities like economic utility, marginal utility, cardinal utility, form utility.