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MrFefferberg Had Determined That the Marginal Utility of the Last

Question 103

Multiple Choice

Mr.Fefferberg had determined that the marginal utility of the last dollar he spent on cowboy boots is greater than the marginal utility of the last dollar that he spent on Nikes.Since he is a rational fellow,he will


A) buy equal quantities of Nikes and cowboy boots.
B) buy more cowboy boots and fewer Nikes.
C) buy more Nikes and fewer cowboy boots.
D) give up cowboy boots entirely.
E) give up Nikes entirely.

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