Author Question: The table below shows the total value (in dollars) that Andrew gets from playing 9-hole rounds of ... (Read 126 times)

allihubbard · **on:** Oct 12, 2022

Question 1

FIGURE 6-1

Refer to Figure 6-1. If this figure represents the utility obtained from consuming units of a good, how many units would this consumer consume if the good were free?

◦ 1
◦ 2
◦ 3
◦ 4
◦ at least 5

Question 2

The table below shows the total value (in dollars) that Andrew gets from playing 9-hole rounds of golf.

Rounds of Golf per Month	Total Value ($)
0	0
1	40
2	70
3	92
4	108
5	120
6	130
7	130

TABLE 6-6

Refer to Table 6-6. If the price of a 9-hole round of golf is $22, and Andrew is maximizing his utility, then his consumer surplus will be
◦ $202.
◦ $108.
◦ $92.
◦ $22.
◦ $26.

lactosetheintolerant · **Reply #1 on:** Oct 12, 2022

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