Assume That Diminishing Marginal Utility Applies to Both Textbooks and Concert

question 123

Multiple Choice

Assume that diminishing marginal utility applies to both textbooks and concert tickets and that Sun is spending all of his income.If Sun purchases a combination of textbooks and concert tickets such that MU_Textbooks/P_Textbooks = 100 and MU_Tickets/ /P_Tickets = 80,to maximize utility,Sun should buy _____ textbooks and _____ tickets.

• A)fewer;fewer
• B)more;fewer
• C)fewer;more
• D)more;more

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