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Jordan likes to do two things for recreation: going bowling and playing tennis at the Country Club. Jordan's budget is $44 per month. Bowling games
Jordan likes to do two things for recreation: going bowling and playing tennis at the Country Club. Jordan's budget is $44 per month. Bowling games cost $5 each while the fee for an hour of tennis is $12. Jordan's preferences are given by the following total utility tables. Jordan wants to maximize utility given the $44 budget. # of Bowling Games 1 2 3 4 5 Total Utility 40 |75 105 125 140 Hours of Tennis 1 2 3 4 5 Total Utility 60 108 144 168 180 Jordan's consumer equilibrium consists of 4 bowling games & 3 hours of tennis 1 bowling game & 2 hours of tennis 4 bowling games & 2 hours of tennis 5 bowling games & 5 hours of tennis
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