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# Please include graph and an explanation of how the answer was solved. --- 6. In problem 4, Pete's uncle gives him \$60 to spend on concert tickets, so...

Please include graph and an explanation of how the answer was solved.
---
6. In problem 4, Pete's uncle gives him \$60 to spend on concert tickets, so he now has \$260.
a. Draw a graph that shows Pete's consumption possibilities.
b. How many rock concerts and how many operas does Pete now attend?
Information:
Problem 4
Pete enjoys rock concerts and the opera. The table shows the marginal utility he gets from each activity.
Number per month Marginal utility from Rock concerts Marginal utility from operas
1 120 200
2 100 160
3 80 120
4 60 80
5 40 40
6 20 0
Pete has \$200 a month to spend on concerts. The price of a rock concert ticket is \$20 and the price of an opera ticket is \$40.
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QUESTION 6, CH. 7
6. In problem 4, Peteâs uncle gives him \$60 to spend on concert
tickets, so he now has \$260.
Draw a graph that shows Peteâs consumption possibilities.
How many rock concerts and how many operas does Pete now attend?
Information:
Problem 4
Pete enjoys rock concerts and the opera. The table shows the marginal
utility he gets from each activity.
Number per month Marginal utility from Rock concerts Marginal utility
from operas
1 120 200
2 100 160
3 80 120
4 60 80
5 40 40
6 20 0
Pete has \$200 a month to spend on concerts. The price of a rock concert
ticket is \$20 and the price of an opera ticket is \$40.

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