Antonio Derives More Utility from Spending an Additional Dollar on Boots

question 70

Multiple Choice

Antonio derives more utility from spending an additional dollar on boots than on gloves.We can assume that:

• A)the marginal utility per dollar spent on boots is greater than the marginal utility per dollar spent on gloves.
• B)the marginal utility per dollar spent on boots is equal to the marginal utility per dollar spent on gloves.
• C)the marginal utility per dollar spent on boots is less than the marginal utility per dollar spent on gloves.
• D)boots cost less than gloves.

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