Which does Max enjoy more: his 6th hour of windsurfing or his 6th hour of snorkeling? Max
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Which does Max enjoy more: his 6th hour of windsurfing or his 6th hour of snorkeling?
Max has $35 a day to spend on windsurfing and snorkeling and he can spend as much time as he likes doing them. The price of renting equipment for windsurfing is $10 an hour and for snorkeling is $5 an hour. The table shows the total utility Max gets from each activity.
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To determine which activity Max enjoys more on his 6th hour we should look at the marginal utilit...View the full answer
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