economic tutor

2. Cindy has $70 a month to spend on sport activities, and she can spend as much time as she likes playing golf and tennis. The price of an hour of golf is $20, and the price of an hour of tennis is $10. The table shows Cindy's marginal utility from each sport. Hours Marginal Utility per month Marginal Utility from Golf from Tennis -NMT inor If Cindy spends all her money playing golf, how many hours of golf can she afford? What will be her total utility? If Cindy spends all her money playing tennis, how many hours of tennis can she afford? What will be her total utility? What are the marginal utilities per dollar from playing golf and tennis for the various hours per month played? d. How many hours of golf and tennis should Cindy play to maximize her utility given her budget? Explain why, if Cindy equalized the marginal utility per hour of golf and tennis, she would not maximize her utility? f. Cindy's tennis club raises its price of an hour of tennis from $10 to $15, other things remaining the same, how many hours does Cindy now spend playing golf and tennis that maximizes her utility? Are there any left over money? g. Cindy loses her math tutoring job and the amount she has to spend on golf and tennis falls from $70 to $40 a month. With the price of an hour of golf at $20 and of tennis at $10. calculate the change in the hours she spends playing golf. For Cindy, is golf and tennis a normal good or an inferior good