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LJ Question 3 2 pts Bob budgets $12 a week for entertainment. He splits his time between going to the movies and going to the
LJ Question 3 2 pts Bob budgets $12 a week for entertainment. He splits his time between going to the movies and going to the gym. Each movie costs $3 and each session at the gym also costs $3. The total utility from each of these activities is shown in the table below. Bob's utility maximizing point is: Movies Total Gym Total Utility Costs Utlllty 0 O 0 O 1 30 1 SO 2 55 2 85 3 76 3 115 4 92 4 107 5 103 5 111 6 114 7 115 O 3 movies; 3 gym workout sessions O 4 movies; 0 gym workout sessions 0 4 movies; 2 gym workout sessions C) 1 movie; 5 gym workout sessions
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