Cindy has $70 a month to spend, and she can spend as much time as she likes playing golf and tennis. The price of an hour of golf is $10, and the price of an hour of tennis is $10. Complete the table to show the number of hours that Cindy spends playing tennis when she spends a given number of hours golfing. Table 1 shows the marginal utility Cindy gets from golf and tennis. Table 2 shows some combinations of golf and tennis that Cindy can afford. Calculate Cindy's marginal utility per dollar from golf and tennis and fill in the columns in Table 2. >>> Answer to 1 decimal place. To maximize her total utility, the number of hours that Cindy spends golfing is and the number of hours she spends playing tennis is Table 1 Hours per month Table 2 Hours spent golfing 5 4 3 Hours 5 4 3 1 2 3 4 5 6 7 Marginal utility from golf 80 60 40 30 20 10 6 Golf ($10 per hour) Marginal utility per dollar Hours spent playing tennis Marginal utility from tennis Hours 2 3 4 40 36 30 10 5 2 1 Tennis ($10 per hour) Marginal utility per dollar

Cindy has $70 a month to spend, and she can spend as much time as she likes playing golf and tennis. The price of an hour of golf is $10, and the price of an hour of tennis is $10. Complete the table to show the number of hours that Cindy spends playing tennis when she spends a given number of hours golfing. Table 1 shows the marginal utility Cindy gets from golf and tennis. Table 2 shows some combinations of golf and tennis that Cindy can afford. Calculate Cindy's marginal utility per dollar from golf and tennis and fill in the columns in Table 2. >>> Answer to 1 decimal place. To maximize her total utility, the number of hours that Cindy spends golfing is and the number of hours she spends playing tennis is Table 1 Hours per month Table 2 Hours spent golfing 5 4 3 Hours 5 4 3 1 2 3 4 5 6 7 Marginal utility from golf 80 60 40 30 20 10 6 Golf ($10 per hour) Marginal utility per dollar Hours spent playing tennis Marginal utility from tennis Hours 2 3 4 40 36 30 10 5 2 1 Tennis ($10 per hour) Marginal utility per dollar

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Mylie's total utility from singing the same song over and over is 70 utils after one repetition, 110 utils after two repetitions, 140 utils after three repetitions, 160 utils after four repetitions, 120 utils after five repetitions, and 60 utils after six repetitions, as shown in the table below. a. Write down her marginal utility for each repetition. Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Repetitions 0 1 2 3 4 5 6 Total Utility Marginal Utility 0 70 110 140 160 120 60 b. Once Mylie's total utility begins to decrease, does each additional singing of the song hurt more than the previous song or less than the previous song? O More than the previous song O Less than the previous song
State each of the 4 features of preferences and an example of each being violated.
Refer to the accompanying figure. The marginal utility of the 6th pizza is: Total Utility 105 100 90 75 55 30 1 Multiple Choice O95 100 51 2 3 4 Quantity (pizzas/week) 5 9 7
Can you help me answer these questions it's macroeconomics theory
Answer this question
do fast
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
Suppose that Biff enters a hot dog eating contest. He enjoys hot dogs, so he gladly pays the $20 entry fee. Biff realizes there is very little chance that he will actually win the contest. He just likes the idea of being able to eat all the hot dogs he wants. The table below shows Biff's utility from eating hot dogs. Instructions: Enter your answers as a whole number. If you are entering a negative number include a minus sign. a. Use the table below and fill in the marginal utility. Hot Dogs and Biff's Utility Hot DogsTotal Utility (utils)Marginal Utility (utils) ues for 7 8 9. 10 11 42 46 49 51 50 47 b. If Biff is rational, and has no intention of winning the hot dog eating contest, what is the optimal number of hot dogs he will eat? What is the maximum level of utility Biff can reach from eating that number of hot dogs? Optimal number of hot dogs: Maximum utility:
The table below shows the marginal benefit that Dan derives by consuming different quantities of tacos and soda .The price of a taco is $3 and the price of soda is $1. Quantity sodas Tacos Marginal benefits ($) Marginal benefits($) 1 10 18 2 8 12 3 6 6 4 4 3 5 2 1 6 1 0.6 Refer to the table above.If Dan consumes 3 tacos and 0 sodas -not necessary his optical choice- how much consumer surplus is he enjoying? a) $ 24 b) $ 27 c) $ 9 d) $6
Only typed answer and please don't use chat gpt and don't use table
TUA TUB 0. 176 117 2 330 225 4. 616 387 726 432 7 924 486 8. 979 495 Find the mix of product A andB that maximize your Utility based on the following utility table ,if you have to pay $ 11 for each unit of product A, and $9 for each unit of Product B, hence you have $ 133 to spend on these two products.
ECON Questions 5, 6, 7, and 8 How to solve and answer these economics questions showed in the screenshot?