# Alex has \$18 per week in his entertainment budget

Question # 00648314 Posted By: Prof.Longines Updated on: 02/08/2018 06:56 AM Due on: 02/08/2018
Subject Economics Tutorials:
Question

Alex has \$18 per week in his entertainment budget. He splits his time between going to the movies and renting video games. Each movie costs \$6 while each video game rental costs \$3. The measures total utility of each of his activites is shown in the table below.

Movies 0 1 2 3 4 5

TU 0 40 75 105 130 160

Video Game Rentals 0 1 2 3 4 5 6 7

TU 0 30 55 76 92 106 114 116

1. Please make a table of movies and video game using the budget

2. Find utility-mazimizing combination of movies and video games.

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1. ## Solution: Alex has \$18 per week in his entertainment budget

Tutorial # 00647196 Posted By: Prof.Longines Posted on: 02/08/2018 06:56 AM
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