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Unformatted text preview: consuming: ___ movie rentals, 2. And___ units of consumer goods. 3. Given the prices of movie rentals, and consumer goods, her preferences, and her weekly budget, she will be able to enjoy ___ units of utility. 4. Now, while every thing else remain the same, the price of Consumer goods drops to $6. To maximize her total utility, she will now buy ___ units of consumer goods 5. And ___ movie rentals. 6. Use the information you developed to draw the demand curve for consumer goods....
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This note was uploaded on 04/22/2008 for the course ECON 201 taught by Professor Joyce during the Spring '07 term at Drexel.
- Spring '07