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Suppose that you are vacationing at a resort in the Caribbean and you are trying to determine how to spend your time and money on

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Suppose that you are vacationing at a resort in the Caribbean and you are trying to determine how to spend your time and money on two activities, windsurfing and snorkelling, which both cost $6 per hour. The marginal utility of the activities are shown in table below. WINDSURFING SNORKELLING Marginal Marginal No. of Hours Marginal Total Utility Marginal Total Utility Utility Utility per Dollar Utility Utility per Dollar Spent Spent 90 95 2 85 85 3 70 70 es 65 60 60 45 O UT 45 20 35 15 10 5 a) Complete the columns for total utilities in the above table. b) Assume that you have a budget of $42. To maximize your total utility, how would you allocate your budget between the two activities? What is the resulting total utility

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