Fill in the Marginal Utility columns above. 2. What will be Terry’s total utility from both leisure and income when working 20 hours per week?  Is this the correct answer: 56+86=142

ENGR.ECONOMIC ANALYSIS
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Terry attends college and works part-time in a drug store. She can work up to 40 hours each week and is paid $9 per hour. The following table shows her utility from different levels of leisure and income.

 

 

Hours of Leisure

Total Utility from Leisure

Marginal Utility of Leisure

Work Hours

Income

Total Utility from Income

Marginal Utility from Income

5

18

 

5

45

35

 

10

34

 

10

90

59

 

15

48

 

15

135

77

 

20

56

 

20

180

86

 

25

60

 

25

225

92

 

30

65

 

30

270

98

 

35

69

 

35

315

103

 

40

72

 

40

360

107

 

1. Fill in the Marginal Utility columns above.

2. What will be Terry’s total utility from both leisure and income when working 20 hours per week?  Is this the correct answer: 56+86=142

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