Terry attends college and works part-time in a drug store. She can work up to 40...

Terry attends college and works part-time in a drug store. She can work up to 40 hours each week and is paid $9 per hour. The following table shows her utility from different levels of leisure and income.

Hours of Leisure	Total Utility from Leisure	Marginal Utility of Leisure	Work Hours	Income	Total Utility from Income	Marginal Utility from Income
5	18		5	45	35
10	34		10	90	59
15	48		15	135	77
20	56		20	180	86
25	60		25	225	92
30	65		30	270	98
35	69		35	315	103
40	72		40	360	107

Fill in the Marginal Utility columns above. (10 points)

What will be Terry’s total utility from both leisure and income when working 20 hours per week? (5 points)

Expert Solution

Rahul Sunny answered 1 year ago

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