Cindy has $70 a month to spend, and she can spend as much time as she lkes playing golf and tennis The price of an hour of golf is $10. and the price of an hour of tennis is $10. Table 1 Hours Marginal utiity from golf Marginal utility from tennis per month 60 40 30 Compiete the table to show the number of hours that Cindy spends playng tenns when she spends a given number of hours golting 30 10 20 10 Table 1 shows the marginal utility Cindy gets from goit and tennis. Table 2 shows some combinations of golf and tennis that Cindy can afford Calculate Cindy's marginal utity per dolar trom goit and tennis and in the columns in Table 2 Table 2 Golf Tennis ($10per hour) ($10 per hour) >> Armwer to 1 decimal place Marginal utility Marginal utiliey per dollar Hours per dollar Hours 1. 05
Cindy has $70 a month to spend, and she can spend as much time as she lkes playing golf and tennis The price of an hour of golf is $10. and the price of an hour of tennis is $10. Table 1 Hours Marginal utiity from golf Marginal utility from tennis per month 60 40 30 Compiete the table to show the number of hours that Cindy spends playng tenns when she spends a given number of hours golting 30 10 20 10 Table 1 shows the marginal utility Cindy gets from goit and tennis. Table 2 shows some combinations of golf and tennis that Cindy can afford Calculate Cindy's marginal utity per dolar trom goit and tennis and in the columns in Table 2 Table 2 Golf Tennis ($10per hour) ($10 per hour) >> Armwer to 1 decimal place Marginal utility Marginal utiliey per dollar Hours per dollar Hours 1. 05
Chapter10: Consumer Choice Theory
Section: Chapter Questions
Problem 8P
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Transcribed Image Text:Cindy has $70 a month to spend, and she can spend as much time as she lkes playing
golf and tennis. The price of an hour of golf is $10, and the price of an hour of tennis is
$10.
Table 1
Hours
Marginal uity
from golf
Marginal utility
from tennis
per month
60
36
40
30
30
Complete the table to show the number of hours that Cindy spends playing tennis when
she spends a given number of hours golting
4.
10
20
Table 1 shows the marginal utility Cindy gets from goif and tennis. Table 2 shows some
combinations of golf and tennis that Cindy can afford
10
Calculate Cindy's marginal unity per dollar trom goit and tennis and in the columns in
Table 2
Table 2
Golf
(S10 per hour)
Tennis
($10 per hour)
>> Armwer to 1 deamal place
Marginal utilty
per dollar
Marginal utiliny
per dollar
Hours
Hours
05
2.
4.
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