A date with Alex costs you $100 and gives you an additional 1000 units of utility. A date with Kelly costs you $200 and an additional 4,000 units of utility. Based only on the information you have, using the theory of rational choice, you most likely would: be indifferent between the two dates go on a date with Alex because the marginal utility per dollar is the greater of the two O go on a date with Kelly O go on a date with Alex

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter10: Consumer Choice Theory
Section: Chapter Questions
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A date with Alex costs you $100 and gives you an additional 1000 units of utility. A date with Kelly
costs you $200 and an additional 4,000 units of utility. Based only on the information you have,
using the theory of rational choice, you most likely would:
O be indifferent between the two dates
O go on a date with Alex because the marginal utility per dollar is the greater of the two
O go on a date with Kelly
O go on a date with Alex
Transcribed Image Text:A date with Alex costs you $100 and gives you an additional 1000 units of utility. A date with Kelly costs you $200 and an additional 4,000 units of utility. Based only on the information you have, using the theory of rational choice, you most likely would: O be indifferent between the two dates O go on a date with Alex because the marginal utility per dollar is the greater of the two O go on a date with Kelly O go on a date with Alex
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