Prashanth decides to buy a $75 ticket to a particular New York professional hockey game rather than a $50 ticket for a particular Broadway play.We can conclude that Prashanth:

A) is relatively unappreciative of the arts.
B) obtains more marginal utility from the play than from the hockey game.
C) has a higher "marginal utility-to-price ratio" for the hockey game than for the play.
D) has recently attended several other Broadway plays.

Question

sandip Belwadakar · Accepted Answer

Final Answer : C, Explanation :  This can be inferred from the fact that Prashanth chose the more expensive ticket for the hockey game over the cheaper ticket for the Broadway play, implying that he believes the hockey game will provide him with a higher level of satisfaction per dollar spent (i.e. a higher marginal utility-to-price ratio). There is no evidence to suggest that Prashanth is unappreciative of the arts or that he prefers the hockey game because he has recently attended several other Broadway plays.

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