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cyanant515Lv1
28 Sep 2019
Jackson has $10, which he plans to allocate among three rides at the amusement park. Each ride on the Roller Coaster costs $3.00, on the Bumper Cars, $2.00, and on Splatter Mountain, $1.00. The Table below shows Jackson's utility schedule for the three rides. Given Jackson's budget constraint, what is the maximum utility he can receive from amusement park rides?
# OF RIDES
MARGINAL UTILITY FROM BUMPER CARS
MARGINAL UTILITY FROM SPLATTER MOUNTAIN
MARGINAL UTILITY FROM ROLLER COASTER
1
200
240
150
2
100
150
90
3
60
50
60
4
10
30
30
5
0
20
9
6
-72
10
0
A)We don't have enough information to answer this question.
B)300 utils
C)890 utils.
D)850 utils
E)550 utils
Jackson has $10, which he plans to allocate among three rides at the amusement park. Each ride on the Roller Coaster costs $3.00, on the Bumper Cars, $2.00, and on Splatter Mountain, $1.00. The Table below shows Jackson's utility schedule for the three rides. Given Jackson's budget constraint, what is the maximum utility he can receive from amusement park rides?
# OF RIDES |
MARGINAL UTILITY FROM BUMPER CARS |
MARGINAL UTILITY FROM SPLATTER MOUNTAIN |
MARGINAL UTILITY FROM ROLLER COASTER |
1 |
200 |
240 |
150 |
2 |
100 |
150 |
90 |
3 |
60 |
50 |
60 |
4 |
10 |
30 |
30 |
5 |
0 |
20 |
9 |
6 |
-72 |
10 |
0 |
A)We don't have enough information to answer this question.
B)300 utils
C)890 utils.
D)850 utils
E)550 utils
Chika IlonahLv10
28 Sep 2019
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