Albert has a weekly allowance of $17, all of which he spends on used CDs (C) and movie rentals (M), whose respective prices are $4
Albert has a weekly allowance of $17, all of which he spends on used CDs (C) and movie rentals (M), whose respective prices are $4 and $3. His utility from these purchases is given by U(C)+V(M). If the values of U(C) and V(M) are as shown in the table: a. What is the first item that Albert will buy? b. What is the second item that Albert will buy? c. How will Albert spend his $17
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