-As Shown in the Above Table, Sam Enjoys Sailing and Skiing

question 292

Multiple Choice

-As shown in the above table, Sam enjoys sailing and skiing equally well. Which of the following is TRUE?

• A) Sam will not consume the same number of hours of sailing and skiing if the price per hour of sailing is more than that of skiing.
• B) If the prices per hour of sailing and skiing are the same, Sam will not spend the same number of hours at each activity.
• C) The marginal utility of the 3rd hour of either sailing or skiing is 120.
• D) None of the above is true.

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Definitions:

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A tool or process used to visually break down complex decision-making situations into simpler, manageable parts.

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Visual or graphical representations that outline the sequence of steps or decisions required to achieve a particular outcome or goal.