Daounda has$3.5 a day to spend on windsurfing and snorbelling and be can spend a
ID: 1209374 • Letter: D
Question
Daounda has$3.5 a day to spend on windsurfing and snorbelling and be can spend as much time as he likes doing them.the price of renting equipment for windsurfing is $10 an hour and for snorkeling is $ 5 an hour.Table 1 shows the total utility daounda gets from each activity fill in the boxes in table 1 for daounda prime s marginal utility from windsurfing at each number of hours per day .does daounda prime smunicipal utility from windsurfing obey the principle of dimenshing marginal utility? Fill in the boxes in table 1 for daounda prime s marginal utility from snorbeling at each number of hours per day.Does daounda prime s marginal utility from snorbelling the principle of dimenshing marginal utility? Which does daounda enjoy more: his 64th hour of windsurfing on his 6 th hour of snorkeling? Fill in the table 2 with the combinations of hours spent windsurfing and snorkeling thus daounda can afford. Show your work. Fill in the table 3, getting bundles from table 2 and marginal utilites from table 1, to maximize his utility, how many hours a day does daounda spend on each activity> use table 3 to explain if daounda spend a dollar more on windsurfing and a dollar less on snorkeling than in part f 1, how would his total utility change? if daounda spend a dollar less on windsurfing and a dollar more on snorkeling than in part f 1, how would his total utility change?Explanation / Answer
day total utility marg. util. of wind total uti of snorking marg. utl of snorking 1 120 0 40 0 2 220 100 76 36 3 300 80 106 30 4 360 60 128 22 5 396 36 140 12 6 412 16 150 10 7 422 6 158 8
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