Multiple Choice
Suppose Isaac's marginal utility from attending his 5th White Sox game was 40 and the marginal utility from attending his 1st U2 concert was 200. Assume that the price of a Sox ticket is $20 and the price of a U2 ticket is $120. Which of the following would be true?
A) Isaac would attend more U2 concerts and less Sox games.
B) Isaac would attend more Sox games and less U2 concerts.
C) Isaac would not alter his behavior.
D) Isaac would attend less of both Sox games and U2 concerts.
Correct Answer:
Verified
Correct Answer:
Verified
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