Microeconomics

Quiz: Module 12 Assignment X + X C O sbocd.instructure.com/courses/32694/quizzes/178265/take San Bernardino Links Google Docs YouTube EXCELL - Mentoring. Other bookmarks Reading list Modules Abraham has $35 per month in his entertainment budget. He splits his time between going to the movies and renting video games. Each movie costs $10 Discussions while each video game rental costs $5. The measured total utility of each of his activities is shown in the table below. The table is split into two parts as Dashboard Grades some browsers have trouble displaying the entire table. NetTutor Movies Total Utility MU MU/$ Course SBVC Student 1 40 Resources Calendar 2 70 Inbox 3 90 History A 100 Studio 5 90 6 60 Follett Discover (?) Help Game Total Utility MU MU/$ Rentals 1 35 2 60 3 75 85 5 90 6 85 KQuiz: Module 12 Assignment X + X sbcod.instructure.com/courses/32694/quizzes/178265/take San Bernardino Links |Google Docs YouTube EXCELL - Mentoring. Other bookmarks Reading list Announcements Account Modules D Question 2 16 pts Discussions Dashboard Grades (a) If Abraham had an unlimited budget (price was no object to Abraham) he would NetTutor Courses purchase [Select ] movies and [Select ] SBVC Student game rentals. Resources Calendar (b) With Abraham's budget set at $35 he would purchase Eh [ Select ] movies and [ Select ] game Inbox rentals. History (c) Suppose Abraham receives a raise and his entertainment budget increases to $50. If this was the case he would purchase [ Select ] movies and Studio [ Select ] game rentals. Follett (d) According to the optimal bundles calculated in parts (b) and (c), we can see that to Discover Abraham movies are a(n) [ Select ] good and game rentals are a(n) ? [ Select ] Help good. K