Economics - Microeconomics - Consumer theory and utility - Utility Maximization

A worked example of consumer equilibrium. 'Raj has $10. Apples cost $1, Bananas cost $2. His marginal utilities are:' Show table: Apples MU (10, 8, 6, 4, 2 for units 1-5), Bananas MU (16, 12, 8, 4 for units 1-4). Step 1: Calculate MU/P for each. Apples MU/P: 10, 8, 6, 4, 2. Bananas MU/P: 8, 6, 4, 2.