a. How many hours of golf and how many hours of tennis does Cindy play to maximize

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a. How many hours of golf and how many hours of tennis does Cindy play to maximize her utility?

b. Compared to part (a), if Cindy spent a dollar more on golf and a dollar less on tennis, by how much would her total utility change?

c. Compared to part (a), if Cindy spent a dollar less on golf and a dollar more on tennis, by how much would her total utility change?

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Make a table that shows Cindy’s affordable combinations of hours playing golf and tennis. If Cindy increases her expenditure to $100, describe how her consumption possibilities change.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Question Posted: Jan 27, 2024 10:01 PM

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a. How many hours of golf and how many hours of tennis does Cindy play to maximize

Question:

Hours per month 4567234 2 Marginal utility from golf 80 60 40 30 20 10 6 Marginal utility from tennis 40 36 30 10 LON 5 2 1

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Economics

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