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(Solved): A consumer allocates their leisure time and income exclusively to two leisure activities: tennis and ...



A consumer allocates their leisure time and income exclusively to two leisure activities: tennis and  shing. The costs associated with these activities include ball replacement costs for tennis and the cost of bait for  shing, both set at $1 per hour for simplicity. Below is a table that shows the marginal utility schedules for hours spent on these activities per week. Additionally, assume that a $1 expenditure on other goods yields a marginal utility of 20.



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