Social Studies, 21.04.2020 15:25 bigb290
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.
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Janet spends her entertainment budget on movies and basketball games. Movie tickets cost $10 each an...
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