Tom Is Maximizing Utility by Buying Three Packs of Bubble

Multiple Choice

Tom is maximizing utility by buying three packs of bubble gum and four packages of Skittles. Given diminishing marginal utility, if the price of Skittles rises, the principle of rational choice tells us that Tom will buy:

A) more Skittles, raising the opportunity cost of not consuming Skittles.
B) fewer Skittles, raising the opportunity cost of not consuming Skittles.
C) more Skittles, lowering the opportunity cost of not consuming Skittles.
D) fewer Skittles, lowering the opportunity cost of not consuming Skittles.