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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 is $5 an hour. The table shows the total utility Max gets from windsurfing.

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Part 1

Calculate Max's marginal utility from windsurfing for each quantity of windsurfing in the table and fill in the right column.

Part 2

Max's marginal utility from windsurfing

1 does

2 does not

obey the principle of diminishing marginal utility.

image text in transcribed
Hours per day 0 Total utility from windsurfing 0 12C] 22C! 300 Marginal utility from windsurfing C C

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