Calculate marginal utility and marginal utility per dollar for the data provided in the table below: (round to two decimal places)The Price of wine is 4The Price of Cheese is 0.58The Consumer's budget for wine and Cheese is 14.91GLASSES(WINE)(WINE)WEDGES(CHEESE)TOTAL UTILITYOF WINETOTAL UTILITY(WINE)MARGINALUTILITY/dollarMARGINAL UTILITYOF CHEESE16015NumberNumber14424555Number19956NumberNumber42526551Number530373The Quantity of Wine this consumer would buy to maximize utility is: NumberThe Quantity of Cheese this consumer would buy to maximize utility is: NumberWhat is the consumer's Total Utility when optimized: Number233A5(CHEESE)MARGINAL UTILITYNumber11Number8(CHEESE)MARGINALUTILITY/dollarNumberNumberNumberNumber

Marginal utility is the change in total utility due to a change in consumption by a unit. MU =…

uaget eese is 14. (WINE) (WINE) (WINE) TOTAL UTILITY MARGINAL UTILITY MARGINAL UTILITY/dollar 60 Number Number 144 55 Number 199 Number Number 252 51 Number 303 Wine this consumer would buy to maximize utility is: Number Cheese this consumer would buy to maximize utility is : Number WEDGES OF CHEESE 2 3 4 5 (CHEESE) TOTAL UTILITY 15 45 56 65 73 (CHEESE) MARGINAL UTILITY Number 11 Number 8 (CHEESI MARGINA UTILITY/do Number Number Number Number