Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
100%
If the price of a cinema ticket is 20 , the price of a concert ticket is 40 and the income is 120 , draw the budget line.
![ull vodafone TR ?
12:11
O %26
MU/P for
Number of Cinema Tickets Total Utility Marginal Utility Price of a Cinema Ticket
Cinema Tickets
1
140
240
3
330
4
400
440
470
5
6.
MU/P for
Number of Concert Tickets Total Utility Marginal Utility Price of a Concert Ticket
Concert Tickets
1
240
440
3
600
4
720
800
6.
850](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F23d13b7e-e1e3-423c-a92d-ea662cc2b51e%2Fd9031d7b-b990-419e-b82b-52d5b014f373%2Fixk0b2r_processed.png&w=3840&q=75)
Transcribed Image Text:ull vodafone TR ?
12:11
O %26
MU/P for
Number of Cinema Tickets Total Utility Marginal Utility Price of a Cinema Ticket
Cinema Tickets
1
140
240
3
330
4
400
440
470
5
6.
MU/P for
Number of Concert Tickets Total Utility Marginal Utility Price of a Concert Ticket
Concert Tickets
1
240
440
3
600
4
720
800
6.
850
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