(Answered) 1. The table below shows Jerry’s total utility from burgers and magazines. The price of a burger is…

1.
The table below shows Jerry’s total utility from burgers and magazines. The price of a burger is $2, the price of a magazine is $4, and Jerry has $12 to spend. Table 1
Draw Jerry’s budget line and calculate the relative price of burgers and magazines.
Describe how the budget line changes if, other things remaining the same,
The price of a magazine falls.
Jerry’s budget for burgers and magazines increases.
Calculate Jerry’s marginal utility per dollar from burgers when he buys 4 burgers a week.
Calculate Jerry’s marginal utility per dollar from magazines when he buys 1 magazine a week.
If Jerry buys 4 burgers and 1 magazine a week, does he maximize his total utility? Which good, if any, must he buy more of and which less of to maximize total utility? Explain your answer.
What quantities of burgers and magazines in a week maximize Jerry’s utility?