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Exhibit A Total Utility Quantity Games of billiards Games of bowling 0 0 0 1 100 70 2 180 130 3 240 180 4 272
Exhibit A
Total Utility | ||
Quantity | Games of billiards | Games of bowling |
0 | 0 | 0 |
1 | 100 | 70 |
2 | 180 | 130 |
3 | 240 | 180 |
4 | 272 | 210 |
5 | 288 | 218 |
6 | 292 | 222 |
Suppose you have $30 to spend on either bowling or billiards. A game of billiards costs you $4, and bowling costs $2 per game. Using the information in Exhibit A, determine the utility-maximizing combination of bowling and billiards.
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