in its role of protector of the american free enterprise system ,one of the issues the government must deal with is A. environmental hazard B….
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October 5, 2020
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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…

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

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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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