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. Refer to the attached picture for the table.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? AutoSaveOffAssignment 5.1 Utility AnalysisP SearchMaekyah Conley MCO XFileHomeInsertDesignLayoutReferencesMailingsReviewViewHelpÉ ShareP CommentsX CutB CopyO Find-Calibri (Body) v 10 - A A Aa v AoAaBbCcI AABBCCI AaBbC AaBbC AaBbCcDReplacePasteS Format Painter1 NormalI No Spac. Heading 1 Heading 2 Heading 3BIU v ab x, x' A- I v A vA SelectDictate SensitivityClipboardFontParagraphStylesEditingVoiceSensitivityTerry attends college and works part-time in a drug store. She can work up to 40 hours eachweek and is paid $9 per hour. The following table shows her utility from different levels ofleisure and income.Total Utilityfrom Leisure Utility ofWorkTotal UtilityMarginalUtility fromHours ofMarginalIncomeLeisureHoursfrom IncomeLeisureIncome5184535103410905915481513577205620180862560252259230653027098356935315103407240360107Page 1 of 2D Focus488 words110%11:16 AMP Type here to searchW4/26/2021近

Marginal utility : the marginal utility of a good is the change in the utility from an increase in…

Answered: Terry attends college and works…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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.

Refer to the attached picture for the table.

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?

AutoSave
Off
Assignment 5.1 Utility Analysis
P Search
Maekyah Conley MC
O X
File
Home
Insert
Design
Layout
References
Mailings
Review
View
Help
É Share
P Comments
X Cut
B Copy
O Find
-
Calibri (Body) v 10 - A A Aa v Ao
AaBbCcI AABBCCI AaBbC AaBbC AaBbCcD
Replace
Paste
S Format Painter
1 Normal
I No Spac. Heading 1 Heading 2 Heading 3
BIU v ab x, x' A
- I v A v
A Select
Dictate Sensitivity
Clipboard
Font
Paragraph
Styles
Editing
Voice
Sensitivity
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.
Total Utility
from Leisure Utility of
Work
Total Utility
Marginal
Utility from
Hours of
Marginal
Income
Leisure
Hours
from Income
Leisure
Income
5
18
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
Page 1 of 2
D Focus
488 words
110%
11:16 AM
P Type here to search
W
4/26/2021
近

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