Short Answer/Calculation The table below shows the cons…
Short Answer/Calculation The table below shows the consumption choices between two goods: running shoes and running shorts. Assume that you have an income of $300, running shoes cost $150, and running shorts cost $30. Fill in the total utility columns, as well as the marginal utility per dollar (MU/$) columns. Then decide which is the optimal combination of goods based on maximizing your total utility. In your answer, if the answer is a whole number, no decimal is needed. If the answer has (non-zero) decimals, round to two digits. Example answers: Running Shoes TU MU MU/$ Running Shorts TU MU MU/$ 1 300 1 150 2 50 2 120 3 50 3 90 4 50 4 75 5 50 5 60