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 $5. The table shows Cindy's affordable combinations and the marginal utility she gets from each activity. How many hours of golf and how many hours of tennis does she play to maximize her utility? To maximize her total utility, the number of hours that Cindy spends golfing is and the number of hours she spends playing tennis is. Cindy decides to golf for 5 hours a month and play tennis for 4 hours a month. If she spends a dollar more on golf and a dollar less on tennis, how would her total utility change? Her total utility by O A. decreases; 1 unit OB. increases; 2 units OC. increases; 1 unit O D. decreases: 2 units Cindy decides to golf for 5 hours a month and play tennis for 4 hours a month. If she spends a dollar less on golf and a dollar more on tennis, how would her total utility change? Her total utility by OA. decreases; 1 unit OB. increases; 2 units O C. increases; 1 unit D. decreases; 2 units Golf ($10 per hour) Hours 4 5 6 Marginal utility 10 20 30 Tennis ($5 per hour) Marginal utility 36 10 2 Hours 2 4 6

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 $5. The table shows Cindy's affordable combinations and the marginal utility she gets from each activity. How many hours of golf and how many hours of tennis does she play to maximize her utility? To maximize her total utility, the number of hours that Cindy spends golfing is and the number of hours she spends playing tennis is. Cindy decides to golf for 5 hours a month and play tennis for 4 hours a month. If she spends a dollar more on golf and a dollar less on tennis, how would her total utility change? Her total utility by O A. decreases; 1 unit OB. increases; 2 units OC. increases; 1 unit O D. decreases: 2 units Cindy decides to golf for 5 hours a month and play tennis for 4 hours a month. If she spends a dollar less on golf and a dollar more on tennis, how would her total utility change? Her total utility by OA. decreases; 1 unit OB. increases; 2 units O C. increases; 1 unit D. decreases; 2 units Golf ($10 per hour) Hours 4 5 6 Marginal utility 10 20 30 Tennis ($5 per hour) Marginal utility 36 10 2 Hours 2 4 6

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Solve all this question......you will not solve all questions then I will give you down?? upvote..

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 $5.
The table shows Cindy's affordable combinations and the marginal utility she gets from each activity.
How many hours of golf and how many hours of tennis does she play to maximize her utility?
To maximize her total utility, the number of hours that Cindy spends golfing is and the number of hours she spends
playing tennis is.
Cindy decides to golf for 5 hours a month and play tennis for 4 hours a month. If she spends a dollar more on golf and a
dollar less on tennis, how would her total utility change?
Her total utility
by.
O A. decreases; 1 unit
OB. increases; 2 units
C. increases; 1 unit
OD. decreases; 2 units
Cindy decides to golf for 5 hours a month and play tennis for 4 hours a month. If she spends a dollar less on golf and a
dollar more on tennis, how would her total utility change?
Her total utility.
by
O A. decreases; 1 unit
OB. increases; 2 units
O C. increases; 1 unit
D. decreases; 2 units
Golf
($10 per hour)
Hours
4
5
6
Marginal
utility
10
20
30
Tennis
($5 per hour)
Hours
2
4
6
Marginal
utility
36
10
2

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