Question: Explain why, if Max equalized the marginal utility per hour from windsurfing and from snorkeling, he would not maximize his utility. Max enjoys windsurfing and
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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Total utility from windsurfing 120 220 300 360 396 412 422 Total utility from snorkeling 40 76 106 128 140 150 158 Hours per day 6
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Snorkeling costs half as much per hour as does windsurfing If Max equalized the marginal utility ... View full answer
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