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Question 4 Not yet You love basketball and football. The table below shows the utility you receive from each. The price of a football ticket
Question 4 Not yet You love basketball and football. The table below shows the utility you receive from each. The price of a football ticket is $5 and the price of a answered basketball ticket is $10 and you have $50 to spend Points out of 4 00 Fing qunation Quantity of Football Tickets Utility from Football Tickets Quantity of Basketball Tickets Utility from Basketball Tickets 0 0 70 80 130 N - 150 180 210 220 260 10 250 300 a Would you purchase a football ticket first or a basketball ticket first? Just enter basketball or football as your answer Basketball b. Calculate the Marginal Utility per dollar spent on football tickets if you purchase two football tickets. Do not use dollar signs and round to 2 decimal places if necessary c. Using the optimal consumption rule, how many basketball tickets will you purchase to maximize your utility? Round to 2 decimal places if necessary. d. Using the optimal consumption rule, how many football tickets will you purchase to maximize your utility? Round to 2 decimal places if necessary
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