Related to the Economics in Practice on page 130: Assuming people wish to maximize utility, those who choose to dine at fast-food restaurants rather than more expensive restaurants must be receiving ________ from dining at the fast-food restaurant than at the more expensive restaurant.
A) greater marginal utility
B) lower marginal utility
C) greater marginal utility per dollar
D) lower marginal utility per dollar

Question

Quizplus · Accepted Answer

This is because people who choose to dine at fast-food restaurants receive greater marginal utility per dollar spent compared to more expensive restaurants. In other words, they are getting more utility for their money.

Related to the Economics in Practice on Page 130: Assuming