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Anne has $56 to spend on t-shirts and movies.A t-shirt costs $14 and a movie ticket cost $7. Complete the table below: Quantity of T-shirts
- Anne has $56 to spend on t-shirts and movies.A t-shirt costs $14 and a movie ticket cost $7. Complete the table below:
Quantity of T-shirts | Total Utility | Marginal Utility | Marginal Utility per Dollar | Quantity of Movies | Total Utility | Marginal Utility | Marginal Utility per Dollar | |
0 | 0 | - | 0 | 0 | ||||
1 | 22 | 22 | 1 | 16 | ||||
2 | 43 | 21 | 2 | 31 | ||||
3 | 63 | 20 | 3 | 45 | ||||
4 | 81 | 18 | 4 | 58 | ||||
5 | 97 | 16 | 5 | 70 | ||||
6 | 111 | 14 | 6 | 81 | ||||
7 | 123 | 12 | 7 | 91 | ||||
8 | 133 | 10 | 8 | 100 |
What combination of movies and t-shorts would maximise her utility?______________________________
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