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Consider the information provided in the table below: Games Total Total Marginal Utility Marginal Utility per of Utility Movies Utility Bowling $ spent Bowling Bowling
Consider the information provided in the table below: Games Total Total Marginal Utility Marginal Utility per of Utility Movies Utility Bowling $ spent Bowling Bowling Bowling Movies Marginal Utility Marginal Utility per Movies $ spent Movies 1 60 60 12 1 1 100 10 N 100 N 180 80 3 3 130 30 3 240 6 Assume that each bowling game costs $5 and each movie costs $10. IF the information in the table accurately reflects the preferences of Al, what would Al choose to do first? What would Al choose to do second? If Al has $20 to spend (and plenty of time) what combination of bowling and movies should Al choose? (He should bowl games and watch movies.)
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