Quantity Total Marginal MU/Price Quantity Total Marginal MU/Price of Utility Utility of Yoga Utility Utility Movies Classes 0 0 1 1 2 2 3 3 4 4 5 5 O 3.125 Kim has $20 per week in her entertainment budget. She splits her time between going to the movies and yoga classes. The price of each movie is $8 while the price of each yoga class is $3. The total utility from each of these activities is listed. What is Kim's marginal utility of the fourth yoga class? 16 253 0 40 75 105 130 150 25 0 30 55 76 92 106
Quantity Total Marginal MU/Price Quantity Total Marginal MU/Price of Utility Utility of Yoga Utility Utility Movies Classes 0 0 1 1 2 2 3 3 4 4 5 5 O 3.125 Kim has $20 per week in her entertainment budget. She splits her time between going to the movies and yoga classes. The price of each movie is $8 while the price of each yoga class is $3. The total utility from each of these activities is listed. What is Kim's marginal utility of the fourth yoga class? 16 253 0 40 75 105 130 150 25 0 30 55 76 92 106
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Quantity Total Marginal MU/Price Quantity Total Marginal MU/Price
of
Utility
Utility
of Yoga Utility
Utility
Movies
Classes
0
0
1
1
2
2
3
3
4
4
5
5
3.125
16
Kim has $20 per week in her entertainment budget. She splits her time between going to the movies
and yoga classes. The price of each movie is $8 while the price of each yoga class is $3. The total utility
from each of these activities is listed. What is Kim's marginal utility of the fourth yoga class?
253
0
40
75
105
130
150
25
0
30
55
76
92
106
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