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Q2. (3 points) Willingness to pay, marginal analysis, demand curve. Jorgenson family's total willingness to pay schedule for movie tickets is 5 dollars for 1
Q2. (3 points) Willingness to pay, marginal analysis, demand curve. Jorgenson family's total willingness to pay schedule for movie tickets is 5 dollars for 1 ticket 12 dollars for 2 tickets 20 dollars for 3 tickets 29 dollars for 4 tickets 10 dollars for 5 tickets 10 dollars for 6 tickets. The price of a movie ticket is 10 dollars. a) (2 points) Draw the Jorgenson family's demand curve for movie tickets. b) (1 point) How many movie tickets will the Jorgenson family buy
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