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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
Calculate Max's marginal utility from windsurfing at each number of hours per day. Does Max's marginal utility from windsurfing obey the principle of diminishing marginal utility?
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Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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