Refer to the table above. If the subscription price for a sports app Is $2 per week, the subscription price of a game app Is $1per week, and a student has $9 per week to spend on these two items, at a consumer optimum she will purchase 2 sports app Is and 5 game app Is.
Consumer utility will be ---utils.
1 answer
Consumer utility cannot be determined based on the information given in the question. Utility is a subjective measure of satisfaction or happiness derived from consuming a good or service. It would require additional information about the individual's preferences or preferences of the average consumer to determine the utility derived from purchasing a certain number of sports and game apps.