Paul has been babysitting for a family friend over the summer. In total, he has earned...
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Paul has been babysitting for a family friend over the summer. In total, he has earned $200. Assume that this is his only source of revenue for the month on entertainment. He enjoys both movies and watching live hockey games at the Forum in Halifax. As a utility-maximizing consumer, Paul has watched 5 movies and 5 hockey games. The price of a movie is $15. What is the price of a live hockey game? Total Total Number per month Utility Utility from from movies games 0 0 0 1 90 220 2 165 420 3 225 570 4 270 670 5 300 720 6 315 745 a) $25. b) $50. c) $30. d) $14. Paul has been babysitting for a family friend over the summer. In total, he has earned $200. Assume that this is his only source of revenue for the month on entertainment. He enjoys both movies and watching live hockey games at the Forum in Halifax. As a utility-maximizing consumer, Paul has watched 5 movies and 5 hockey games. The price of a movie is $15. What is the price of a live hockey game? Total Total Number per month Utility Utility from from movies games 0 0 0 1 90 220 2 165 420 3 225 570 4 270 670 5 300 720 6 315 745 a) $25. b) $50. c) $30. d) $14.
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Related Book For
Intermediate Microeconomics and Its Application
ISBN: 978-0324599107
11th edition
Authors: walter nicholson, christopher snyder
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