Cookies quantityCookies marginalutility Cake quantityCak…
Cookies quantityCookies marginalutility Cake quantityCake marginalutility 1 32 1 40 2 28 2 32 3 24 3 24 4 20 4 16 5 16 5 8 6 12 6 0 The above table shows Homer’s marginal utility from consuming various quantities of chocolate chip cookies and cake. The price of cookies is $1 per pound, the price of cake is $2 per slice and Homer has $12 to spend on cookies and cake. Homer will consume ________ pound(s) of cookies and ________ slices of cake.