Business, 07.04.2020 15:43 LHawk35531
Jon enjoys fishing (which costs $20) and golf (which costs $30) and has $140 to spend each month on these activities. Last month, Jon fished four times and golfed twice. The last fishing outing provided Jon a marginal utility of 50, and the last round of golf provided a marginal utility of 120. What is Jon's marginal utility per dollar spent on the last time fishing? What about the last round of golf? a) M U P fishing = 2.5 and M U P golfing= 4b) M U P fishing = 4 and M U P golfing= 2.5c) M U P fishing = 0.4 and M U P golfing= 0.25d) M U P fishing = 0.25 and M U P golfing= 0.4
Answers: 1
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Jon enjoys fishing (which costs $20) and golf (which costs $30) and has $140 to spend each month on...
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