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Paul has been babysitting for a family friend over the summer. In total, he has earned $200. Assume that this is his only source of revenue for the month on entertainment. He enjoys both movies and watching live hockey games at the Forum in Halifax. The table below shows the utility he gets from each activity. Total Utility is in Utils. What is Paul's marginal utility associated with watching the third movie? Number Total Total Utility from Utility from per month movies games 1 90 220 165 420 225 570 4 270 670 300 720 6. 315 745 a) 60 b) 570 c) 45 d) 225

Paul has been babysitting for a family friend over the summer. In total, he has earned $200. Assume that this is his only source of revenue for the month on entertainment. He enjoys both movies and watching live hockey games at the Forum in Halifax. The table below shows the utility he gets from each activity. Total Utility is in Utils. What is Paul's marginal utility associated with watching the third movie? Number Total Total Utility from Utility from per month movies games 1 90 220 165 420 225 570 4 270 670 300 720 6. 315 745 a) 60 b) 570 c) 45 d) 225

Economics:
Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter21: Demand: Consumer Choic
Section: Chapter Questions
Problem 16E
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Paul has been babysitting for a family friend over the summer. In total, he has earned $200. Assume that this is his only source of revenue for the month on entertainment. He enjoys both movies and watching live hockey games at the Forum in Halifax. The table below shows the utility he gets from each activity. Total Utility is in Utils. What is Paul's marginal utility associated with watching the third movie? Number Total Total Utility Utility from per month from movies games 1 90 220 165 420 3 225 570 4 270 670 300 720 6. 315 745 a) 60 b) 570 O c) 45 O d) 225
Transcribed Image Text:Paul has been babysitting for a family friend over the summer. In total, he has earned $200. Assume that this is his only source of revenue for the month on entertainment. He enjoys both movies and watching live hockey games at the Forum in Halifax. The table below shows the utility he gets from each activity. Total Utility is in Utils. What is Paul's marginal utility associated with watching the third movie? Number Total Total Utility Utility from per month from movies games 1 90 220 165 420 3 225 570 4 270 670 300 720 6. 315 745 a) 60 b) 570 O c) 45 O d) 225
Paul has been babysitting for a family friend over the summer. In total, he has earned $200. Assume that this is his only source of revenue for the month on entertainment. He enjoys both movies and watching live hockey games at the Forum in Halifax. The table below shows the utility he gets from each activity. Total Utility is in Utils. What can you say about Paul's total utility associated with watching movies? His total utility is: Number Total Total per month Utility Utility from from movies games 1 90 220 2 165 420 3 225 570 4 270 670 300 720 6 315 745 a) increasing at a constant rate O b) decreasing at an increasing rate. C) increasing at an increasing rate O d) increasing at a decreasing rate e) decreasing at a decreasing rate.
Transcribed Image Text:Paul has been babysitting for a family friend over the summer. In total, he has earned $200. Assume that this is his only source of revenue for the month on entertainment. He enjoys both movies and watching live hockey games at the Forum in Halifax. The table below shows the utility he gets from each activity. Total Utility is in Utils. What can you say about Paul's total utility associated with watching movies? His total utility is: Number Total Total per month Utility Utility from from movies games 1 90 220 2 165 420 3 225 570 4 270 670 300 720 6 315 745 a) increasing at a constant rate O b) decreasing at an increasing rate. C) increasing at an increasing rate O d) increasing at a decreasing rate e) decreasing at a decreasing rate.
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