33 633 633 550 483 417 bowling 3 per game marginal

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Unformatted text preview: 0 Marginal utility per dollar spent 5.00 5.67 6.33 6.33 9.33 14.00 How a Change in Price of Movies Affects Lisa’s Choices Affects Movies ($3 each) ($3 Quantity 0 1 2 3 4 5 5 6 7 8 9 10 Bowling ($3 per six pack) Bowling ($3 Marginal Marginal utility utility per dollar per spent spent Games 16.67 12.67 11.00 9.67 8.33 8.33 7.00 6.00 5.00 4.00 3.00 10 9 8 7 6 5 5 4 3 2 1 0 Marginal Marginal utility utility per dollar per spent spent 5.00 5.33 5.67 6.00 6.33 8.33 8.33 9.33 12.00 14.00 25.00 A Fall in the Price of Movies Fall s Bowling Lisa’’s Lisa’s ’s demand demand for movies 6 3 0 2 5 Price (dollars per six-pack) Price (dollars per movie) Movies Quantity (movies per month) demand demand for for bowling when when movies movies cost $6 cost 6 Lisa’s demand for bowling when movies cost $3 3 0 5 6 Quantity (games per month) How a Change in Price of Bowling Affects Lisa’s Choices Bowling Movies ($3 each) Quantity 0 2 4 6 8 10 Marginal Marginal utility utility per dollar per spent spent 12.67 9.67 7.00 5.00 3.00 Bowling ($6 per game) Games 5 4 3 2 2 1 0 Marginal Marginal utility utility per dollar per spent sp...
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This document was uploaded on 03/13/2014.

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