The question doesn't provide enough information to calculate Jenny's marginal utility per dollar for the first half hour of swimming.

Marginal utility refers to the satisfaction or usefulness that a consumer obtains from consuming an additional unit of a good or service. In this case, we would need to know how much satisfaction or utility Jenny derives from her first half hour of swimming to calculate her marginal utility per dollar.

If we had this information, we could calculate the marginal utility per dollar by dividing the marginal utility of the first half hour of swimming by the cost of that half hour.

For example, if Jenny derived 10 units of satisfaction from her first half hour of swimming, her marginal utility per dollar would be 10 units / $2.50 = 4 units of satisfaction per dollar.

But without knowing Jenny's satisfaction level, we can't calculate her marginal utility per dollar.

Question

The question doesn't provide enough information to calculate Jenny's marginal utility per dollar for the first half hour of swimming.

Marginal utility refers to the satisfaction or usefulness that a consumer obtains from consuming an additional unit of a good or service. In this case, we would need to know how much satisfaction or utility Jenny derives from her first half hour of swimming to calculate her marginal utility per dollar.

If we had this information, we could calculate the marginal utility per dollar by dividing the marginal utility of the first half hour of swimming by the cost of that half hour.

For example, if Jenny derived 10 units of satisfaction from her first half hour of swimming, her marginal utility per dollar would be 10 units / $2.50 = 4 units of satisfaction per dollar.

But without knowing Jenny's satisfaction level, we can't calculate her marginal utility per dollar.

Knowee AI · Accepted Answer

The question doesn't provide enough information to calculate Jenny's marginal utility per dollar for the first half hour of swimming.

Marginal utility refers to the satisfaction or usefulness that a consumer obtains from consuming an additional unit of a good or service. In this case, we would need to know how much satisfaction or utility Jenny derives from her first half hour of swimming to calculate her marginal utility per dollar.

If we had this information, we could calculate the marginal utility per dollar by dividing the marginal utility of the first half hour of swimming by the cost of that half hour.

For example, if Jenny derived 10 units of satisfaction from her first half hour of swimming, her marginal utility per dollar would be 10 units / $2.50 = 4 units of satisfaction per dollar.

But without knowing Jenny's satisfaction level, we can't calculate her marginal utility per dollar.

Jenny pays $5 per hour to use the local swimming pool. What is her marginal utility per dollar for the first half hour of swimming?

Question

Jenny pays $5 per hour to use the local swimming pool. What is her marginal utility per dollar for the first half hour of swimming?

Solution

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