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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Definitions:

Circadian Rhythms

Biological processes that display an endogenous, entrainable oscillation of about 24 hours, affecting sleep patterns, hormone release, and other bodily functions.

Plants

Living organisms belonging to the kingdom Plantae that typically produce their own food through photosynthesis and have cell walls.

Depressants

Substances that reduce the activity of the central nervous system, often used to induce calmness, reduce anxiety, or promote sleep.

Reduced Anxiety

A state or condition in which feelings of worry, nervousness, or unease are diminished or less intense.