Antonio derives more utility from spending an additional dollar on wool boots than on wool 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.the price of boots is less than the price of gloves.

Question

Quizplus · Accepted Answer

The Answer of Antonio derives more utility from spending an additional dollar on wool boots than on wool 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.the price of boots is less than the price of gloves.

Antonio Derives More Utility from Spending an Additional Dollar on Wool