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If Paul decides to buy a $60 ticket to a Cirque du Soleil show rather than a $45 ticket for a Blue M

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If Paul decides to buy a $60 ticket to a Cirque du Soleil show rather than a $45 ticket for a Blue M

If Paul decides to buy a $60 ticket to a Cirque du Soleil show rather than a $45 ticket for a Blue Man Group performance, we can conclude that
A) the marginal utility per dollar spent on Cirque du Soleil is lower than the marginal utility per dollar spent on Blue Man Group.
B) Paul's demand for a ticket to see Cirque du Soleil is more elastic than his demand for a ticket to see Blue Man Group.
C) Paul is not making a rational choice.
D) the marginal utility per dollar spent on Cirque du Soleil is higher than the marginal utility per dollar spent on Blue Man Group.

Textbook

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face

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Chimelo46

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8 years ago

The textbook reference in your signature really helped me narrow it down.

Happy to help Wink Face

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