Suppose Isaac's Marginal Utility from Attending His 5th White Sox

question 22

Multiple Choice

Suppose Isaac's marginal utility from attending his 5th White Sox game was 40 and the marginal utility from attending his 1st U2 concert was 200. Assume that the price of a Sox ticket is $20 and the price of a U2 ticket is $120. Which of the following would be true?

• A) Isaac would attend more U2 concerts and less Sox games.
• B) Isaac would attend more Sox games and less U2 concerts.
• C) Isaac would not alter his behavior.
• D) Isaac would attend less of both Sox games and U2 concerts.

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Definitions:

Aristotle

An ancient Greek philosopher and scientist, one of the greatest intellectual figures of Western history, who made significant contributions to various fields such as metaphysics, ethics, and biology.

Tragedy

A dramatic genre that explores human suffering, often involving a heroic struggle that ends in defeat or sorrow.

Plato

Plato was an ancient Greek philosopher who laid the foundational elements of Western philosophy and science.

Aristotle

An ancient Greek philosopher and polymath, a student of Plato and teacher of Alexander the Great, who made significant contributions to numerous areas of philosophy and science.