Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 7 - Consumer Choice: Utility Theory and Insights from Neuroscience - Exercises - 7.1 Traditional Consumer Choice: Utility Theory - Page 177: 1.5

Answer

18 utils per dollar

Work Step by Step

The marginal utility of the 6th movie is 36. At \$2 per movie: $36\ util \div \$2=18$
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