Someone derives equal satisfaction from seeing 3 movies or


Someone derives equal satisfaction from seeing 3 movies or 1 play. His tastes therefore can be represented by U= M+3P. If he has $160 each period in her theatre-going (movie and play) budget, and the price of a movie is $8 while the price of a play is $20, then the number of movies she will see each period is? The answer is 0, is there anyone can explain why?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Someone derives equal satisfaction from seeing 3 movies or
Reference No:- TGS01189251

Expected delivery within 24 Hours