If Mr Smith Thinks the Last Dollar Spent on Shirts Yields

question 111

Multiple Choice

If Mr. Smith thinks the last dollar spent on shirts yields more satisfaction than the last dollar spent on cola, and Smith is a utility-maximizing consumer, he should

• A) decrease his spending on cola.
• B) decrease his spending on cola and increase his spending on shirts.
• C) increase his spending on shirts.
• D) increase his spending on cola and decrease his spending on shirts.

---

Definitions:

Leukemia

Leukemia is a type of cancer affecting the blood and bone marrow, characterized by the overproduction of abnormal white blood cells.

Building Materials

Substances used in the construction of buildings, roads, and other structures, including wood, cement, steel, and glass.

Eutrophication

The process by which a body of water becomes overly enriched with minerals and nutrients, leading to excessive growth of algae and depletion of oxygen.

Acid Deposition

The settling of acidic components from the atmosphere onto the earth's surface, often as rain, snow, or dust, with potential harmful effects on ecosystems, structures, and health.