Soccer Games $40 Baseball Games $20 Total Marginal Total Marginal Utility Utility Quantity MU/P Quantity MU/P Utility Utility - - 1 240 1 330 380 510 480 630 4. 560 4 690 540 5 720 The table details the total utility that J.J. gets from going to see soccer and baseball games during a month. J.J. had $200 to spend. Calculate the marginal utility and the marginal utility per dollar spent for both soccer and baseball games, given that the price is $40 and $20 respectively. Based on your calculations: how many soccer games would he attend? how many baseball games would he attend? 2.

Soccer Games $40 Baseball Games $20 Total Marginal Total Marginal Utility Utility Quantity MU/P Quantity MU/P Utility Utility - - 1 240 1 330 380 510 480 630 4. 560 4 690 540 5 720 The table details the total utility that J.J. gets from going to see soccer and baseball games during a month. J.J. had $200 to spend. Calculate the marginal utility and the marginal utility per dollar spent for both soccer and baseball games, given that the price is $40 and $20 respectively. Based on your calculations: how many soccer games would he attend? how many baseball games would he attend? 2.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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