2.4 Michelle keeps fit by either doing yoga or Thai boxing. She has a budget of $72...

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2.4 Michelle keeps fit by either doing yoga or Thai boxing. She has a budget of $72 per month. One yoga session costs Michelle

$6, and one Thai boxing session costs Michelle $6. Use the information in the following graphs to determine how many yoga sessions and Thai boxing sessions Michelle should join in order to maximize her utility. Explain your answer.

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Principles Of Economics

ISBN: 9780802845610

12 Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Question Posted: Nov 12, 2024 03:00 AM

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Michelle keeps fit by either doing yoga or Thai boxing. She has a budget of 72 per month. One yoga session costs Michelle 6, and one session of Thai boxing costs her 6. Use the information in the...
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2.4 Michelle keeps fit by either doing yoga or Thai boxing. She has a budget of $72...

Question:

Marginal utility of yoga 28 24 24 20 20 16 12 8 4 Marginal utility of MU 0 1 2 3 4 6 7 Yoga (sessions 48 Thai boxing 40 32 24 16 00 8 per month) MU 0 1 2 3 4 5 6 7 8 Thai boxing (sessions per month)

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Principles Of Economics

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