Question
's marginal utility for DVDs (D) is MUD=X and his marginal utility for Xbox games (X) is MUX=D. Andrew's income is $240, the price of
's
marginal utility for DVDs (D) is
MUD=X
and his marginal utility for Xbox games (X) is
MUX=D.
Andrew's
income is
$240,
the price of a DVD is
$40.00,
and the price of an Xbox game is
$20.00.
How many DVDs and Xbox games does
Andrew
consume to maximize his satisfaction?Part 2
Andrew
consumes
enter your response here
DVDs and
enter your response here
Xbox games.
(Enter
your responses using
integers.)
Part 3Suppose the price of DVDs decreases to
$10.00.
What is
Andrew's
new satisfaction-maximizing bundle?Part 4
Andrew
now consumes
enter your response here
DVDs and
enter your response here
Xbox games.
(Enter
your responses using
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