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Max has $35 a day to spend on windsurfing and snorkeling and he can spend as much time as he likes doing them. The price
Max has $35 a day to spend on windsurfing and snorkeling and he can spend as much time as he likes doing them. The price of renting equipment for windsurfing is $10 an hour and for snorkeling Marginal utility is $5 an hour. The table shows the total utility Max gets from windsurfing. Hours Total utility from per day from windsurfing windsurfing 120 Calculate Max's marginal utility from windsurfing at each number of hours per day given in the 2 220 table and fill in the right column. Does Max's marginal utility from windsurfing obey the principle of diminishing marginal utility? 3 300 4 360
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