Multiple Choice
Suppose Isaac's marginal utility from attending his 10th San Antonio Spurs game was 50 and the marginal utility from attending his 1st Rihanna concert was 200. Assume that the price of a Spurs ticket is $30 and the price of a Rihanna ticket is $100. Which of the following would be TRUE?
A) Isaac would attend more Rihanna concerts and less Spurs games.
B) Isaac would attend more Spurs games and less Rihanna concerts.
C) Isaac would not alter his behavior.
D) Isaac would attend less of both Spurs games and Rihanna concerts.
Correct Answer:
Verified
Correct Answer:
Verified
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