Terry attends college and works part-time in a drug store. She can work up to 40 hours per week and is paid $9 per hour. With her schoolwork and other responsibilities, she only has 40 hours per week total to devote to work and leisure. 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   Terry decides to decrease her work hours from 20 to 10. What will be her total utility from both leisure and income when working 10 hours per week?

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Terry attends college and works part-time in a drug store. She can work up to 40 hours per week and is paid $9 per hour. With her schoolwork and other responsibilities, she only has 40 hours per week total to devote to work and leisure. 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

 

Terry decides to decrease her work hours from 20 to 10.

What will be her total utility from both leisure and income when working 10 hours per week? 

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