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ECON-1010-D1/D2-Introduction to Microeconomics
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Figure 9.2.1
Figure 9.3.3
Table 8.1.2
At point A,
Figure 9.3.4Original equilibrium at A, new equilibrium at B
Figure 9.3.3
Table 8.2.5
| Hours per month | Marginal utility from golf | Marginal utility from tennis |
| 1 | 80 | 40 |
| 2 | 60 | 36 |
| 3 | 40 | 30 |
| 4 | 30 | 10 |
| 5 | 20 | 5 |
| 6 | 10 | 2 |
| 7 | 6 | 1 |
Cindy has $70 a month to spend, and she can spend as much time as she likes on her leisure pursuits. The price of an hour
of golf is $10, and the price of an hour of tennis is $5.
Cindy decides to golf for 5 hours a month and play tennis for 4 hours a month.If Cindy spends a dollar more on golf and a dollar less on tennis, her total utility ________.If Cindy spends
a dollar less on golf and a dollar more on tennis, her total utility ________.