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Question 3 5 pts Janice spends most of her free time either playing video games or streaming movies on Netflix. Her current m
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Answer #1

Answer
The utility is maximum when the marginal utility per dollar is equal
The hours are given and hours are equal to a fixed wage rate, assuming $1 for an hour
MU per dollar =MU/time
MU per dollar for video games =30/1=30
MU per dollar for Movie =50/2=25 utils

The MU per dollar from a movie is less than video game so Janice is not maximizing utility
Janice should increase consumption of video gam and decrease the consumption of movies.

Option 2
No, Janice is not maximizing her utility.

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