hw_4_solution

hw_4_solution - utility per dollar (P2) Total Utility...

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Beer Leisure 1 11 16 8 5.33 20 20 $6.67 2 26 15 7.5 5 37 17 $5.67 3 40 14 7 4.67 53 16 $5.33 4 53 13 6.5 4.33 65 12 $4.00 5 65 12 6 4 76 11 $3.67 6 75.5 10.5 5.25 3.5 85 9 $3.00 7 85 9.5 4.75 3.17 93 8 $2.67 8 94 9 4.5 3 99 6 $2.00 9 102 8 4 2.67 102 3 $1.00 10 109 7 3.5 2.33 104 2 $0.67 11 115 6 3 2 104 0 $0.00 12 120 5 2.5 1.67 101 -3 -$1.00 13 124 4 2 1.33 91 -10 -$3.33 14 127 3 1.5 1 70 -21 -$7.00 15 129 2 1 0.67 40 -30 -$10.00 16 130 1 0.5 0.33 7 -33 -$11.00 p1 p1 9,4 p1 p2 5,5 p2,p1 5,5 Total Utility Marginal Utility Marginal utility per dollar (P1) Marginal
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Unformatted text preview: utility per dollar (P2) Total Utility Marginal Utility Marginal utility per dollar (p1) price 1 leisure price 1 beer $10.00 3 2 2 3 $8.50 $8.00 $6.00 $5.50 $4.50 $4.00 $3.00 $1.50 $1.00 $0.00-$1.50-$5.00-$10.50-$15.00-$16.50 Marginal utility per dollar (p2) price leisure 2 price 2 beer...
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hw_4_solution - utility per dollar (P2) Total Utility...

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