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You have a budget of $125 per month that you can spend digital music or eating dinner. Each dinner costs $25 and each digital album
You have a budget of $125 per month that you can spend digital music or eating dinner. Each dinner costs $25 and each digital album costs $10. Use the chart below to answer the following questions. Albums Dinners No. Per Week Total Utility No. Per Week Total Utility 1 250 1 300 2 450 2 550 3 630 3 750 4 790 4 900 5 870 5 1025 What is the utility maximizing bundle? Explain how the total utility will be affected if prices and income double
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