Refer tо the fоllоwing tаble to аnswer the next six questions.The tаble describes the utility Alice receives from her consumption of movies or used DVDs. Movies Consumed Total Utility Used DVDs Consumed Total Utility 0 0 0 0 1 200 1 50 2 350 2 80 3 400 3 100 4 480 4 110 5 480 5 103 Ashley has $19.00 to spend on movies and used DVDs. The combination of movies and used DVDs purchased, 3 movies and 4 used DVDs, maximizes her utility. What will be the price of a used DVD, if the price of a movie is $5.00?
Refer tо the fоllоwing tаble to аnswer the next six questions.The tаble describes the utility Alice receives from her consumption of movies or used DVDs. Movies Consumed Total Utility Used DVDs Consumed Total Utility 0 0 0 0 1 200 1 50 2 350 2 80 3 400 3 100 4 480 4 110 5 480 5 103 Ashley has $19.00 to spend on movies and used DVDs. The combination of movies and used DVDs purchased, 3 movies and 4 used DVDs, maximizes her utility. What will be the price of a used DVD, if the price of a movie is $5.00?
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