Suppose Rosie's marginal utility from attending her 5th Atlanta Braves game was 40 and the marginal utility from attending her 1st Taylor Swift concert was 200. Assume that the price of a Braves ticket is $20 and the price of a Taylor Swift ticket is $120. Which of the following would be TRUE? 1) Rosie would attend more Taylor Swift concerts and fewer Braves games. 2) Rosie would attend more Braves games and fewer Taylor Swift concerts. 3) Rosie would not alter her behavior. 4) Rosie would attend less of both Braves games and Taylor Swift concerts.

Suppose Rosie's marginal utility from attending her 5th Atlanta Braves game was 40 and the marginal utility from attending her 1st Taylor Swift concert was 200. Assume that the price of a Braves ticket is $20 and the price of a Taylor Swift ticket is $120. Which of the following would be TRUE? 1) Rosie would attend more Taylor Swift concerts and fewer Braves games. 2) Rosie would attend more Braves games and fewer Taylor Swift concerts. 3) Rosie would not alter her behavior. 4) Rosie would attend less of both Braves games and Taylor Swift concerts.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter20: Consumer Choice And Elasticity

Section: Chapter Questions

Problem 4CQ

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Question

Suppose Rosie's marginal utility from attending her 5th Atlanta Braves game was 40
and the marginal utility from attending her 1st Taylor Swift concert was 200. Assume
that the price of a Braves ticket is $20 and the price of a Taylor Swift ticket is $120.
Which of the following would be TRUE?
1) Rosie would attend more Taylor Swift concerts and fewer Braves games.
2) Rosie would attend more Braves games and fewer Taylor Swift concerts.
3) Rosie would not alter her behavior.
4) Rosie would attend less of both Braves games and Taylor Swift concerts.

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