Multiple Choice
Use the table below to answer the following questions.
Table 8.2.1
-Refer to Table 8.2.1. Consider Sam's utility from sailing and skiing. If the price of sailing is $10 per hour and the price of skiing is $20 per hour, Sam will choose to spend
A) all his time sailing.
B) all his time skiing.
C) more time sailing than skiing.
D) more time skiing than sailing.
E) the same amount of time sailing and skiing, since they give the same amount of utility.
Correct Answer:
Verified
Correct Answer:
Verified
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