micro economics, Marginal Utilty? - Freemason Hirams Travels Masonic Forums

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03-25-2008, 02:18 PM

carlos a

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micro economics, Marginal Utilty?

5. Max takes a Club Med vacation, the price of which includes unlimited sports activities –windsurfing, snorkeling, tennis, golf, beach volleyball and beach soccer. There is no extra charge for any equipment. Max decides to spend a total of six hours each day on windsurfing and snorkeling. How does Max allocate his six hours between windsurfing and snorkeling? (How long will he windsurf and how long will he snorkel?).
a)Half hours
per month

b)Total utility
from windsurfing

c)Total utility
from snorkeling

a) b) c)
16020
211038
315053
418064
520070
620675
721179
821582
921884

But here it just mentions 4 and a half hours. Its the only data i have

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