Attending a concert costs Barney eight times as much as going to a movie, and gives four times the additional satisfaction that the movie gives. To maximize his satisfaction Barney should go to the:

Question

Quizplus · Accepted Answer

The key to maximizing satisfaction is to consider the satisfaction per dollar spent. Since the concert costs eight times as much but only provides four times the additional satisfaction, the movie offers better value in terms of satisfaction per dollar.

Attending a Concert Costs Barney Eight Times as Much as Going