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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