Janet spends her entertainment budget on movies and basketball games. Movie tickets cost $10 each and basketball game tickets cost $25 each. If Janet saw one more movie (holding the number of basketball games constant), her total utility would increase by 24. On the other hand, if she attended one more basketball game (holding the number of movies constant), her utility would increase by 55. From this information we can conclude that Janet should attend more basketball games and see fewer movies. is attending the optimal combination of movies and basketball games. should see more movies and attend more basketball games. should see more movies and attend fewer basketball games.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Janet spends her entertainment budget on movies and basketball games. Movie tickets cost $10 each and basketball game tickets cost $25 ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
If the government expects that a substantial portion of the resources supporting a special revenue fund's activities will no longer be derived from restricted and committed revenue sources, the government should discontinue the use of a special
Answers (2)
What happens during deforestation? a. trees are planted to have more forest b. trees are cut down and not replanted c. trees are left alone d. trees are moved from one forest to another
Answers (1)
Our society has identified two extremes in intelligence. how are these differences identified?
Answers (1)
In one to two sentences, explain what the government must keep in mind when it creates laws
Answers (1)
Finance managers at Big Bend Inc. made a financial blunder when they solely looked at the previous year’s sales to estimate sales for the coming year. Of which management bias is this an example? A. Seeing what you want to see B.
Answers (1)
New Questions in Social Studies
A rectangular athletic field is twice as long as it is wide. If the perimeter of the athletic field is 90 yards, what are its dimensions?
Answers (1)
Who were the California's
Answers (1)
Which sentence best describes the narrator's purpose in writing this proposal? A. He is proposing a solution to the problem of English landlords unfair treatment of Irish tenants. B.
Answers (1)
Dr. macmillan has designed a test to measure mathematical ability in college graduates. in order to establish a norm against which individual scores may be interpreted and compared, she is presently administering the test to a large representative
Answers (1)
What geographic factors influenced Mesopotamia civilizations development
Answers (1)