Business, 20.04.2020 21:06 oranzajimenez

Tom is maximizing utility by buying three packs of bubble gum and four packages of Skittles. Given diminishing marginal utility, if the price of Skittles rises, the principle of rational choice tells us that Tom will buy:.
a. more as, raising the opp cost of not consuming skittles.
b. fewer as, raising the opp cost of not consuming skittles.
c. more as, lowering the opp cost of not consuming.
d. fewer as, lowering the opp cost of not consuming.

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Tom is maximizing utility by buying three packs of bubble gum and four packages of Skittles. Given d...

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