### Optimum level of consumption and budget allocation

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##### Reference no: EM1316947

Optimal consumption. The following Table describes the demand for tickets to the opera, during the two=-week season.

 Price Ticket Total Utility Price/marginal Utility \$50 1 100 40 2 180 30 3 240 20 4 280 10 5 300

1. Complete the table.

3. What is the optimal level of opera consumption if the marginal utility derived from the consumption of movie tickets during the same two-week period costs \$0.25 per unit?

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