Refer to the following table to answer the following questions:

-If the price of attending a soccer game changes from $25 to $20,the marginal utility per dollar spent for the fifth game changes from
A) 2.50 to 2.00.
B) 3.00 to 3.75
C) 3.75 to 3.00.
D) 2.00 to 2.50.
E) 20 to 25.

Question

Refer to the following table to answer the following questions:
 
-If the price of attending a soccer game changes from $25 to $20,the marginal utility per dollar spent for the fifth game changes from
A) 2.50 to 2.00. 
B) 3.00 to 3.75 
C) 3.75 to 3.00. 
D) 2.00 to 2.50. 
E) 20 to 25.

Quizplus · Accepted Answer

The marginal utility per dollar spent for the fifth game changes from 2.00 to 2.50, which means that there is an increase in the marginal utility per dollar spent. Therefore, it is best to attend the fifth game at the new price of $20.

Refer to the Following Table to Answer the Following Questions