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Kim Has $24 Per Week in Her Entertainment Budget

Question 2

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Kim has $24 per week in her entertainment budget. She splits her time between going to the movies and yoga classes. Each movie costs $8 while each yoga class costs $3. The total utility from each of these activities is set out in the table below. What is Kim's total utility maximizing point?
Kim has $24 per week in her entertainment budget. She splits her time between going to the movies and yoga classes. Each movie costs $8 while each yoga class costs $3. The total utility from each of these activities is set out in the table below. What is Kim's total utility maximizing point? A) 0 movies, 8 yoga classes B) 1 movie, 5 yoga classes C) 2 movies, 2 yoga classes D) 3 movies, 0 yoga classes


A) 0 movies, 8 yoga classes
B) 1 movie, 5 yoga classes
C) 2 movies, 2 yoga classes
D) 3 movies, 0 yoga classes

Correct Answer:

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