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The following schedule gives the number ...

The following schedule gives the number of ice-creams consumed and the total utility derived from each level of consumption.Given that the price of ice-cream is fixed Rs.2 per unit, determine the optimal level of consumption, assuming MU of a rupee is 2 utils. Give reasons.

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`MU=TU_n-TU_(n-1), MU(Rs.)=('MU(utils)")/("MU of a rupee")`
He should buy 2 ice creams as at this quantity, price =MU =Rs.2
If he buys less than 2 units MU gt Price so he should buy more till equilibrium, if he buys more than 2 units, MU lt Price so he should buy less till equilibrium.
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