Use the following data to work problems 1-3. Max has $35 a day to spend on windsurfing and snorkelling and he can spend a much time as he likes doing them. The price of renting equipment for windsurfing is$10 an hour and for snorkelling is $5 n hour. The table shows the total utility max gets from each activity. 1. Calculate max marginals utility from Windsurfing and snorkelling at each number of hours per day. Does Max's marginal utility from windsurfing and snorkelling obey the principle diminishing marginal utility? 2. Fill the first and third column of the table below( the combinations of hours spent windsurfing and snorkelling that max can afford). 3. Fill the second and forth column of the table above.

Hours Total Utility MU Total MU per from from Utility from day windsurfing windsurfing from snorkelling snorkelling 120 40 2 220 76 300 106 360 128 396 140 412 150 - 422 158 Hours MU per Hours MU per windsurfing dollar snorkelling dollar from from windsurfing snorkelling