Multiple Choice
When presented with two choices for afternoon entertainment,Riana has a clear favorite: going to the movies provides her with 40 utils,while attending a baseball game provides 32 utils.The price for both tickets is $5,causing Riana to choose the movies.What price for a baseball game ticket would cause Riana to choose that instead?
A) $3.99
B) $4.00
C) $4.01
D) $1.60
E) The ticket price is irrelevant because the marginal utility will always be greater.
Correct Answer:
Verified
Correct Answer:
Verified
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