VIDEO MOVIES Marginal Number Total Utility Utility 1 2 3 4 5 6 50 99 139 171 182 190 Pieces of sushi: Total utility: Videos: SUSHI PIECES Number Total Utility 1 2 3 4 5 6 35 65 a) Complete the marginal utility columns in the table above. b) How should Christina allocate a budget of $18 to achieve utility maximization, and what will be her total utility? Videos: 85 95 103 109 Marginal Utility c) Suppose that the sushi shop offered a deal whereby Christina can buy a three-piece pack for $6. How will Christina allocate her budget, and what will be her total utility now? Pieces of sushi:
VIDEO MOVIES Marginal Number Total Utility Utility 1 2 3 4 5 6 50 99 139 171 182 190 Pieces of sushi: Total utility: Videos: SUSHI PIECES Number Total Utility 1 2 3 4 5 6 35 65 a) Complete the marginal utility columns in the table above. b) How should Christina allocate a budget of $18 to achieve utility maximization, and what will be her total utility? Videos: 85 95 103 109 Marginal Utility c) Suppose that the sushi shop offered a deal whereby Christina can buy a three-piece pack for $6. How will Christina allocate her budget, and what will be her total utility now? Pieces of sushi:
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 8SQP
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Christina has decided to spend her evening eating sushi and watching videos. Each piece of sushi and each video costs $3. Her total utility fro the two products is shown in the table below.
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