Multiple Choice
Dawn has preferences for minor league baseball games and NASCAR races.Minor league baseball tickets are $10 per game and NASCAR tickets are $20/race.Dawn's monthly budget of $90 allows her to buy five minor league baseball tickets and two NASCAR tickets.At this consumption bundle,her marginal benefit of the last baseball game is 30 and the marginal benefit of the last NASCAR ticket is 40.Dawn ________.
A) could increase her total benefit by buying more minor league baseball tickets and fewer NASCAR race tickets
B) could increase her total benefit by buying NASCAR race tickets and fewer minor league baseball tickets
C) is maximizing her total benefit with her current consumption bundle
D) Cannot answer the question given the information provided
Correct Answer:
Verified
Correct Answer:
Verified
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