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QUESTION 9 Answer the following questions assuming you have a monthly entertainment budget of $450. A. Music concert tickets are each $100. Your next-best
QUESTION 9 Answer the following questions assuming you have a monthly entertainment budget of $450. A. Music concert tickets are each $100. Your next-best options are comedy shows for $50 per ticket. Your preferences for music concerts and comedy shows are given in the table below. Given your preferences, budget, and prices, the numeric values for the marginal utility per dollar is A = B = .C= (x.x). G = .H= , and L= (x.x), D= .E= (x.x), J = The numeric value for the MRS at the consumer optimum is- (x.x), F = .K=
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