If, for Adam, the marginal utility of ties is greater than the marginal utility of shirts, to maximize utility, Adam should:
A) buy more ties and fewer shirts.
B) buy more shirts and fewer ties.
C) buy the same amount of each.
D) determine the price of ties and the price of shirts before he decides how many of each to buy.

Question

Quizplus · Accepted Answer

The Answer of If, for Adam, the marginal utility of ties is greater than the marginal utility of shirts, to maximize utility, Adam should:
A) buy more ties and fewer shirts.
B) buy more shirts and fewer ties.
C) buy the same amount of each.
D) determine the price of ties and the price of shirts before he decides how many of each to buy.

If, for Adam, the Marginal Utility of Ties Is Greater