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Bob Budgets $12 a Week for Entertainment

Question 53

Multiple Choice

Bob budgets $12 a week for entertainment. He splits his time between going to the movies and going to the gym. Each movie costs $3 and each session at the gym also costs $3. The total utility from each of these activities is shown in the table below. Bob's utility maximizing point is:
Bob budgets $12 a week for entertainment. He splits his time between going to the movies and going to the gym. Each movie costs $3 and each session at the gym also costs $3. The total utility from each of these activities is shown in the table below. Bob's utility maximizing point is:   A)  3 movies; 3 gym workout sessions B)  4 movies; 0 gym workout sessions C)  4 movies; 2 gym workout sessions D)  1 movie; 5 gym workout sessions


A) 3 movies; 3 gym workout sessions
B) 4 movies; 0 gym workout sessions
C) 4 movies; 2 gym workout sessions
D) 1 movie; 5 gym workout sessions

Correct Answer:

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