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Suppose that your dad is a simple guy who has two simple pleaures: he loves to go ten-pin bowling... Suppose that your dad is a

Suppose that your dad is a simple guy who has two simple pleaures: he loves to go ten-pin bowling...

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Suppose that your dad is a simple guy who has two simple pleasures: he loves to go ten-pin bowling and he loves drinking iced coffee. As he doesn't own his own bowling alley or iced-coffeeproducing cow, he has determined that he should only spend $5D a month on these two things. Let his marginal utilities of consumption be as represented in the following table and the price of iced coffee be $2. If he ever gets the same utility from spending more on bowling or iced coffee, assume he goes bowling. a) Fill in the table with your dad's marginal utilities for bowling and iced coffee. {1 mark) b) Plot out your dad's individual demand 'curye' (it'll look like a staircase like we had in class) for ten-pin bowling as the price changes from $211 down to $0. {2 marks) c) If the price of a game of bowling is $10, explain what combination of bowling and iced coffee will maximise your dad's satisfaction with life? (3 marks) d) Calculate your dad's elasticity of demand for bowling between a price of $10 and a price of $20 and explain whether this means his demand between mess points is elastic or inelastic. {2 marks} at Explain whether the demand for tenpin bowling amongst the general population of Adelaide is likely to be more or less elastic than your dad's demand and why. {2 marks)

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