Use the table below to answer the following question. Table 8.2.5 R...
✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
Use the table below to answer the following question.
Refer to Table 8.2.5. Cindy enjoys golf and tennis. The table shows the marginal utility she gets from each activity.
Table 8.2.5
| Hours per month | Marginal utility from golf | Marginal utility from tennis |
| 1 | 80 | 40 |
| 2 | 60 | 36 |
| 3 | 40 | 30 |
| 4 | 30 | 10 |
| 5 | 20 | 5 |
| 6 | 10 | 2 |
| 7 | 6 | 1 |
Cindy has $70 a month to spend, and she can spend as much time as she likes on her leisure pursuits. The price of an hour
of golf is $10, and the price of an hour of tennis is $5.
Cindy decides to golf for 5 hours a month and play tennis for 4 hours a month.If Cindy spends a dollar more on golf and a dollar less on tennis, her total utility ________.If Cindy spends
a dollar less on golf and a dollar more on tennis, her total utility ________.
❌
❌
✅
❌
❌
Want instant access to all verified answers on moodle.uleth.ca?
Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!