Marginal Utility a) Given that Bill can consume only 167 grams of carbohydrates daily, how many cups of each food will he consume daily? Show your work. b) Suppose Bill's doctor tells him to further reduce his carbohydrate intake to 126 grams per day. What combination will he consume?
Need help please! And please give me an interpretation or explanation of the problem so I can understand. Thanks. Suppose Bill is on a low-carbohydrate diet. He can eat only three foods: Rice Krispies, cottage cheese, and popcorn. The marginal utilities for each food are tabulated below. Bill is allowed only 167 grams of carb