Explain why, if Max equalized the marginal utility per hour from windsurfing and from snorkeling, he would
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Max enjoys windsurfing and snorkeling. Max has $35 a day to spend, and he can spend as much time as he likes on his leisure pursuits. The price of renting equipment for windsurfing is $10 an hour and for snorkeling is $5 an hour. The table shows the total utility Max gets from each activity.
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Snorkeling costs half as much per hour as does windsurfing If Max equalized the marginal utility ...View the full answer
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