Multiple Choice
Assume that diminishing marginal utility applies to both textbooks and concert tickets and that Sun is spending all of his income.If Sun purchases a combination of textbooks and concert tickets such that MUTextbooks/PTextbooks = 100 and MUTickets/ /PTickets = 80,to maximize utility,Sun should buy _____ textbooks and _____ tickets.
A) fewer;fewer
B) more;fewer
C) fewer;more
D) more;more
Correct Answer:
Verified
Correct Answer:
Verified
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