Quantity Total Marginal MU/Price Quantity Total Marginal MU/Price of Utility Utility of Yoga Utility Utility Movies Classes 0 0 1 1 2 2 3 3 4 4 5 5 O 3.125 Kim has $20 per week in her entertainment budget. She splits her time between going to the movies and yoga classes. The price of each movie is $8 while the price of each yoga class is $3. The total utility from each of these activities is listed. What is Kim's marginal utility of the fourth yoga class? 16 253 0 40 75 105 130 150 25 0 30 55 76 92 106
Quantity Total Marginal MU/Price Quantity Total Marginal MU/Price of Utility Utility of Yoga Utility Utility Movies Classes 0 0 1 1 2 2 3 3 4 4 5 5 O 3.125 Kim has $20 per week in her entertainment budget. She splits her time between going to the movies and yoga classes. The price of each movie is $8 while the price of each yoga class is $3. The total utility from each of these activities is listed. What is Kim's marginal utility of the fourth yoga class? 16 253 0 40 75 105 130 150 25 0 30 55 76 92 106
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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