If Arnold Thinks His Last Dollar Spent Golfing Yields Less

question 111

Multiple Choice

If Arnold thinks his last dollar spent golfing yields less satisfaction than the last dollar spent on movies, and Arnold is a utility-maximizing consumer, he should

• A)golf more so that the total satisfaction from this activity will increase
• B)spend less on movies so that the marginal satisfaction from expenditures in this area will increase
• C)golf less and spend more on movies
• D)eliminate golfing from his schedule
• E)golf more since it costs less

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