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6 Oct 2020
Calculate total utility from the given data.
No of units
No of utils
1
300
2
250
3
220
4
160
5
100
6
50
7
20
8
0
9
-250
Calculate total utility from the given data.
| No of units | No of utils |
| 1 | 300 |
| 2 | 250 |
| 3 | 220 |
| 4 | 160 |
| 5 | 100 |
| 6 | 50 |
| 7 | 20 |
| 8 | 0 |
| 9 | -250 |
Yusra AneesLv10
26 Oct 2020
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Related questions
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
