Multiple Choice
Assume that diminishing marginal utility applies to both coffee and football tickets and that the consumer is spending all of her income.If a consumer purchases a combination of coffee and football tickets such that MUCoffee/ /PCoffee = 20 and MUFootball tickets/ /PFootball tickets = 10,to maximize utility,the consumer should buy _____ coffee and _____ football tickets.
A) less;more
B) more;fewer
C) more;more
D) less;fewer
Correct Answer:
Verified
Correct Answer:
Verified
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