a. List the combinations of hours spent playing golf and tennis that Cindy can now afford and
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a. List the combinations of hours spent playing golf and tennis that Cindy can now afford and her marginal utility per dollar from golf and from tennis.
b. How many hours does Cindy now spend playing golf and how many hours does she spend playing tennis? Cindy’s tennis club raises its price of an hour of tennis from $5 to $10, other things remaining the same.
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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