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Question: Max has $35 a day to spend on windsurfing and snorkelling and he can spend as much time as he likes doing them. The price of renting equipment for windsurfing is $10 an hour and for snorkelling is $5 an hour. The table shows the total utility Max gets from each activity.

Hours per day             Total utility from            Total utility from
                                   windsurfing                  snorkelling

      1                               120                              40

      2                               220                              76

      3                               300                             106

      4                               360                             128

      5                               396                             140

      6                               412                             150

      7                               422                             158

Which does Max enjoy more: his 6th hour of windsurfing or his 6th hour of snorkelling?

Microeconomics, Economics

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