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Answer :

Units of potato chips will she consume $8.

How do you calculate total utility?

Economists use the following fundamental total utility calculation to determine total utility: TU = U1 + MU2 + MU3. The sum of the utils received from each unit of consumption is the total utility. Each unit of consumption in the equation should have a little decreased utility as more units are eaten.

if the price of potato chips is $1

the price of cola is $2

lisa has an income of $8

Units of potato chips will she consume= $8* $1 =$8

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