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Microeconomics Alisha has $24 per week to spend on playing tennis and watching movies. Each game costs $6 and each movie costs $3. a) Write

Microeconomics

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Alisha has $24 per week to spend on playing tennis and watching movies. Each game costs $6 and each movie costs $3. a) Write down her budget constraint using the numbers above. b) Illustrate her budget line with a diagram, with movies on the horizontal axis and tennis games on the vertical axis. c) List all the possible consumption bundles in a table. No. of movies Total utility from movies No. of tennis games Total utility from tennis 8 100 N 110 -N M 160 m 150 210 180 250 190 280 d) Calculate the marginal utility and marginal utility per dollar from tennis and movies in a table. e) Which one is her optimal consumption bundle

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