Question: . . . . . . Marginal Marginal .. (, ., (.a, (Snowboarding) (Classical) 1 158 81 158 81 3.95 3.86 2 298 221 140

 . . . . . . Marginal Marginal .. (, .,

. . . . . . Marginal Marginal .. (, ., (.a, (Snowboarding) (Classical) 1 158 81 158 81 3.95 3.86 2 298 221 140 65 3.5 3.1 3 422 272 124 51 3.1 2.45 4 532 311 110 39 2.75 1.86 5 630 340 98 29 2.45 1 .38 6 718 361 88 21 2.2 1 7 798 376 80 15 2 0.71 Suppose that the price of a Classical concert falls to $14 from $21. The income budget remains at $263. Visits past 7 will not give any extra utility. a) Compute Yamez's original equilibrium (before the price change). Original number of Snowboarding trips = 3 Original number of Classical concerts = 2 b) Fill out the table for the new MU/P for Classical concerts (after the price change). Keep as much precision as possible during your calculations. Your nal answer should be accurate to at least two decimal places

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