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Homework 4 chapters 7 and 8 Micro 1. If the marginal utility of movies is 50 and the marginal utility of books is 25 and

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Homework 4 chapters 7 and 8 Micro 1. If the marginal utility of movies is 50 and the marginal utility of books is 25 and the price of books are 5 dollars each what would the price of movies need to be to satisfy the equimarginal rule? 2. If the marginal utility of movies is 50 and the marginal utility of books is 25 and the price of books are 1 dollar each what would the price of movies need to be to satisfy the equimarginal rule? Quantity of books Budget line Budget Set

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