1. The table below details the total utility that J.J. gets from going to see basketball and hockey games during a month.

1. Fill in the marginal utility and the marginal utility per dollar spent for both basketball and hockey given that the price is $20 and $30 respectively. (5 marks)
2. If J.J. had $120 to spend, how many of each sporting game would he attend? What would be the value of maximum total utility obtained from sending $120 on this combination? (Explain the choice) ( 3 marks for explanation and 2 marks for correct answer )

Basketball Games $20

Hockey Games $30

Quantity

Total Utility

Marginal Utility

MU/P

Quantity

Total Utility

Marginal Utility

MU/P

0

0

-

-

0

0

-

-

1

240

1

330

2

380

2

510

3

480

3

630

4

560

4

690

5

540

5

720