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Next Exam	

!

Exam 6	

Thursday December 26	

!

Chapters 18, 19, 20 and 21
Microeconomics
Lecture 21
!

Consumer Choice
Key Terms	

!

Indifference Curves	

Budget Constraints	

Maximizing Marginal Utility per Riyal
What is Utility?
What is Utility?
Happiness
Satisfaction
Pleasure
Enjoyment
Remember Three Utility Principles
Utility is measured in “Utils.”
Utils are just for analyzing and comparing.
!

Utility is subjective
Different for everyone and changes all the
time.
!

Utility diminishes at the margin
Diminishing marginal utility
Goes down as you consume more.
?
Or
Marginal Utility Per Riyal
!
Marginal Utility 	

Per Riyal 	

of Pizza

Marginal Utility 	

Per Riyal 	

of Soda

Versus
Pizza

Price
MU/P

÷

20

20

5

Marginal Utility

Pepsi

2

4

10
Pizza

Price
MU/P

÷

20

20

5

Marginal Utility

Pepsi

2

4

10
Marginal Utility
20

15

10

5

0

-5

1

2

3

4

5

6
Marginal Utility
20

15

10

5

0

-5

1

2

3

4

5

6
Marginal Utility
20

15

10

5

0

-5

1

2

3

4

5

6
Marginal Utility
20

15

10

5

0

-5

1

2

3

4

5

6
Marginal Utility
20

15

10

5

0

-5

1

2

3

4

5

6
Marginal Utility
20

15

10

5

0

-5

1

2

3

4

5

6
Marginal Utility
20

15

10

5

0

-5

1

2

3

4

5

6
Total Utility
60
50
40
30
20
10
0

1

2

3

4

5

6
Total Utility
60
50
40
30
20
10
0

1

2

3

4

5

6
Total Utility
60
50
40
30
20
10
0

1

2

3

4

5

6
Total Utility
60
50
40
30
20
10
0

1

2

3

4

5

6
Total Utility
60
50
40
30
20
10
0

1

2

3

4

5

6
Total Utility
60
50
40
30
20
10
0

1

2

3

4

5

6
Total Utility
60
50
40
30
20
10
0

1

2

3

4

5

6
Production Possibilities

iPhone

iPad
Production Possibilities
100
90
80
70

iPhone

60
50
40
30
20
10
0

0

10

20

30

40

50

60

70

80

90

100

iPad
Production Possibilities
100
90
80
70

iPhone

60
50
40
30
20
10
0

0

10

20

30

40

50

60

70

80

90

100

iPad
Indifference Curve
Indifference Curve
Indifference Curve
Indifference Curve
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

2

3

4

5

6

7

8

9

10
Indifference Curve
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

2

3

4

5

6

7

8

9

10
Indifference Curve
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

Just as happy	

anywhere on the
curve

0

1

2

3

4

5

6

7

8

9

10
Indifference Curve
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

Just as happy	

anywhere on the
curve

0

1

2

3

4

5

6

7

8

9

10
Indifference Curve
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

Just as happy	

anywhere on the
curve

0

1

2

3

4

5

6

7

8

9

10
Budget Constraint
Budget Constraint
Budget Constraint

2
Budget Constraint

2
Budget Constraint

2
5
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

2

3

4

5

6

7

8

9

10

5
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

Still have money
0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

Still have money
0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

Don’t have enough money

Still have money
0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
Budget Constraint and Indifference Curve
Budget Constraint and Indifference Curve
Budget Constraint and Indifference Curve

2
Budget Constraint and Indifference Curve

2
Budget Constraint and Indifference Curve

2
5
Budget Constraint and Indifference Curve

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

2

3

4

5

6

7

8

9

10

5
Budget Constraint and Indifference Curve

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
Budget Constraint and Indifference Curve

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
Budget Constraint and Indifference Curve

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
Budget Constraint and Indifference Curve

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
Budget Constraint and Indifference Curve

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
2

Budget Constraint and Indifference Curve
Where does the
budget constraint
curve touch the
highest
indifference
curve?
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
2

Budget Constraint and Indifference Curve
Where does the
budget constraint
curve touch the
highest
indifference
curve?
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
2

Budget Constraint and Indifference Curve
Where does the
budget constraint
curve touch the
highest
indifference
curve?
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

7

8

9

10

5
Slices
1
2
3
4
5
6
Marginal
Slices

Utility

1

20

2

16

3

10

4

6

5

2

6

-3
Marginal

Total

Slices

Utility

Utility

1

20

20

2

16

36

3

10

46

4

6

52

5

2

54

6

-3

51
Price
Per Slice
5
Marginal
Marginal

Total

Utility

Slices

Utility

Utility

Per Riyal

1

20

20

4.0

2

16

36

3.2

3

10

46

2.0

4

6

52

1.2

5

2

54

0.4

6

-3

51

-0.6
Price
Per Slice
5
Marginal
Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

2

16

36

3.2

10

3

10

46

2.0

15

4

6

52

1.2

20

5

2

54

0.4

25

6

-3

51

-0.6

30
Equal Marginal Utility Per Riyal
!

MU1
MU2
=
P1
P2
Spending on 1 + Spending on 2 ≤ Budget
Slices

1
2
3
4
5
6
Marginal
Slices

Utility

1

20

2

16

3

10

4

6

5

2

6

-3
Marginal

Total

Slices

Utility

Utility

1

20

20

2

16

36

3

10

46

4

6

52

5

2

54

6

-3

51
Per Slice

5
Marginal
Marginal

Total

Utility

Slices

Utility

Utility

Per Riyal

1

20

20

4.0

2

16

36

3.2

3

10

46

2.0

4

6

52

1.2

5

2

54

0.4

6

-3

51

-0.6
Per Slice

5
Marginal
Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

2

16

36

3.2

10

3

10

46

2.0

15

4

6

52

1.2

20

5

2

54

0.4

25

6

-3

51

-0.6

30
Per Slice

5
Marginal
Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

1

20

20

4.0

5

1

2

16

36

3.2

10

2

3

10

46

2.0

15

3

4

6

52

1.2

20

4

5

2

54

0.4

25

5

6

-3

51

-0.6

30

6
Per Slice

5
Marginal
Marginal

Total

Utility

Total

Marginal

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

1

20

20

4.0

5

1

20

2

16

36

3.2

10

2

15

3

10

46

2.0

15

3

10

4

6

52

1.2

20

4

5

5

2

54

0.4

25

5

3

6

-3

51

-0.6

30

6

-1
Per Slice

5
Marginal
Marginal

Total

Utility

Total

Marginal

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

1

20

20

4.0

5

1

20

20

2

16

36

3.2

10

2

15

35

3

10

46

2.0

15

3

10

45

4

6

52

1.2

20

4

5

50

5

2

54

0.4

25

5

3

53

6

-3

51

-0.6

30

6

-1

52
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

1

20

20

4.0

5

1

20

20

10.0

2

16

36

3.2

10

2

15

35

7.5

3

10

46

2.0

15

3

10

45

5.0

4

6

52

1.2

20

4

5

50

2.5

5

2

54

0.4

25

5

3

53

1.5

6

-3

51

-0.6

30

6

-1

52

-0.5
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent:
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent:
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent:
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 2
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 2
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 2
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 4
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 4
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 4
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 6
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 6
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 6
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 11
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 11
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 11
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 16
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 16
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 16
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 18
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 18
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 18
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 23
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 23
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 23
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 25
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 25
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 25
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 30
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 30
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 30
Per Slice

Per Can

5

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

4.0

5

1

20

20

10.0

2

2

16

36

3.2

10

2

15

35

7.5

4

3

10

46

2.0

15

3

10

45

5.0

6

4

6

52

1.2

20

4

5

50

2.5

8

5

2

54

0.4

25

5

3

53

1.5

10

6

-3

51

-0.6

30

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 30

Utility Maximized: 105
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

5

7

8

9

10
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

5

7

8

9

10

3
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

0

1

Budget of 30

2

3

4

5

6

5

7

8

9

10

3
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

New price will	

change slope of
curve

0

1

Budget of 30

2

3

4

5

6

5

7

8

9

10

3
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

New price will	

change slope of
curve

0

1

Budget of 30

2

3

4

5

6

5

7

8

9

10

3
Budget Constraint

2

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0

New price will	

change slope of
curve

0

1

Budget of 30

2

3

4

5

6

5

7

8

9

10

3
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent:
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent:
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent:
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 2
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 2
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 2
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 4
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 4
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 4
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 7
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 7
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 7
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 10
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 10
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 10
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 12
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 12
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 12
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 15
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 15
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 15
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 17
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 17
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 17
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

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Total

Utility

Total

Marginal

Total

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Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 20
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 20
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 20
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 22
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 22
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 22
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 25
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

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Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 25
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

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6

-1

52

-0.5

12

Budget 30 SAR

Spent: 25
Price Drops
Per Slice

Per Can

3

2

Marginal

Marginal

Marginal

Total

Utility

Total

Marginal

Total

Utility

Total

Slices

Utility

Utility

Per Riyal

Costs

Cans

Utility

Utility

Per Riyal

Costs

1

20

20

6.7

3

1

20

20

10.0

2

2

16

36

5.3

6

2

15

35

7.5

4

3

10

46

3.3

9

3

10

45

5.0

6

4

6

52

2.0

12

4

5

50

2.5

8

5

2

54

0.7

15

5

3

53

1.5

10

6

-3

51

-1.0

18

6

-1

52

-0.5

12

Budget 30 SAR

Spent: 25

Utility Maximized: 107
Exam 6 Review	

Thursday December 26	

Chapters 18, 19, 20 and 21	

Blog Slides and Questions	

25 questions	

Pencil	

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