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You just won a $120 shopping spree at a store that sells only DVDs and CDs. You are trying to determine what combination of these
You just won a $120 shopping spree at a store that sells only DVDs and CDs. You are trying to determine what combination of these two goods would maximize your utility. The price of CDs is $10 and DVDs are $20. Below is the total utility you receive from consuming these goods.
a. Construct your consumption possibilities schedule. (14 marks)
Point | DVDs ($20) | CDs ($10) |
A | ||
B | ||
C | ||
D | ||
E | ||
F | ||
G |
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