Question
Given the quantity of total movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red Movie
Given the quantity of total movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red Movie Theater for each, calculate the marginal utility and the marginal utility per dollar for movie tickets and average concession stand items.
can you explain step by step how to calculate marginal utility and marginal utility per dollar for movie tickets.
| Quantity of Tickets Consumed | Total Utility | Marginal Utility | Movie Ticket Price | Marginal Utility Per Dollar for Movie Tickets | |||
| 0 | 0 | --- | --- | --- | |||
| 200 | 150 | $10.00 | |||||
| 400 | 275 | $10.00 | |||||
| 600 | 375 | $10.00 | |||||
| 800 | 450 | $10.00 | |||||
| 1,000 | 500 | $10.00 | |||||
| 1,200 | 525 | $10.00 | |||||
| 1,400 | 525 | $10.00 | |||||
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Fundamentals Of Management
Authors: Ricky Griffin
10th Edition
9780357517345
