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The table below shows Holly's marginal utility for movies and concerts. Assume the price of a movie is $10 and the price of a concert
The table below shows Holly's marginal utility for movies and concerts. Assume the price of a movie is $10 and the price of a concert is $20. Instructions: Enter your answers as a whole number. a. Complete the marginal utility per dollar columns in the table below. Movies, Concerts, and Holly's Utility Movies Concerts Marginal Utility Marginal Utility per Marginal Utility Marginal Utility per Quantity (utils) Dollar Quantity (utils) Dollar 1 50 1 120 2 30 2 80 3 20 3 40 4 10 4 20 b. If Holly has a budget of $90 per month to spend on movies and concerts, what is her optimal consumption of movies and concerts? (Click to select) v movie(s) and (Click to select) ~ | concert(s) c. What is the total utility generated from consuming the optimal number of movies and concerts? utilsThe table below shows the marginal utility that June gains from eating each additional bowl of ice cream. Instructions: Enter your answers as a whole number. a. Complete the total utility column in the table. Ice Cream and Utility Ice Cream Marginal UtilityT Total Utility [bowls] {utils) (utils) -_- -_- -_- -_- -_- ---_- b. How many bowls of ice cream will maximize June's utility? |:| bowl(s) c. Which bowl of ice cream provides June with the most utils? Bowl number
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