Jackson has $10, which he plans to allocate among three rides at the amusement park. Each ride
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Question:
Jackson has $10, which he plans to allocate among three rides at the amusement park. Each ride on the Roller Coaster costs $3.00, on the Bumper Cars, $2.00, and on Splatter Mountain, $1.00. The Table below shows Jackson’s utility schedule for the three rides. Given Jackson’s budget constraint, what is the maximum utility he can receive from amusement park rides?
# OF RIDES | MARGINAL UTILITY FROM BUMPER CARS | MARGINAL UTILITY FROMSPLATTER MOUNTAIN | MARGINAL UTILITY FROM ROLLER COASTER |
1 | 200 | 240 | 150 |
2 | 100 | 150 | 90 |
3 | 60 | 50 | 60 |
4 | 10 | 30 | 30 |
5 | 0 | 20 | 9 |
6 | -72 | 10 | 0 |
A) We don’t have enough information to answer this question.
B) 300 utils
C) 890 utils.
D) 850 utils
E) 550 utils
Related Book For
Physics for Scientists and Engineers A Strategic Approach with Modern Physics
ISBN: 978-0133942651
4th edition
Authors: Randall D. Knight
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