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Use the table below to answer the following question.
Table 8.2.5
-Refer to Table 8.2.5.Cindy enjoys golf and tennis.The table shows the marginal utility she gets from each activity. Cindy has $70 a month to spend,and she can spend as much time as she likes on her leisure pursuits.The price of an hour of golf is $10,and the price of an hour of tennis is $5.
Cindy decides to golf for 5 hours a month and play tennis for 4 hours a month.
If Cindy spends a dollar more on golf and a dollar less on tennis,her total utility ________.
If Cindy spends a dollar less on golf and a dollar more on tennis,her total utility ________.
Vertical Analysis
A method of financial statement analysis in which each line item is listed as a percentage of another item, typically used to express items as a percentage of total sales or total assets.
Vertical Analysis
A method of financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities, and equities) is represented as a proportion of the total account.
Total Liabilities
The combined amount of debts and obligations that a company owes to others, reported on its balance sheet.
Total Assets
The sum of all current and non-current assets owned by a company, reflecting the company’s total resources that can be used to generate revenue.
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