Multiple Choice
A Jackson Pollock painting can cost $1.2 million, whereas a poster reproduction of the same painting costs only about $15. The reason is that:
A) the total utility of Jackson Pollock paintings is greater than the total utility of Jackson Pollock posters.
B) the marginal utility of Jackson Pollock paintings is greater than the marginal utility of Jackson Pollock posters.
C) the opportunity cost of Jackson Pollock paintings is greater than the opportunity cost of Jackson Pollock posters.
D) Jackson Pollock paintings have more substitutes than Jackson Pollock posters.
Correct Answer:
Verified
Correct Answer:
Verified
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