Question: Suppose that the utility function of a typical visitor to a Tennis Academy in Cal- gary is U (15, y) = 8015 (1 / 2)152

Suppose that the utility function of a typical visitor to a Tennis Academy in Cal- gary is U (15, y) = 8015 (1 / 2)152 + y, where t is the number of hours playing tennis per month and y is monthly expenditure on all other goods. The current price per hour of tennis is p. Each visitor has monthly income of M. The M Ut = 80 t

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