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28 August, 23:02

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

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  1. 29 August, 00:46
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    The utility per dollar of hockey (marginal utility for each dollar spend) is greater than the utility of a dollar spend on a Broadway play

    Explanation:

    As Prashanth decide to go to the hockey game, the utility generated per dollar on the hockey game is higher than the utility generated from the Broadway play. Because of this, the hockey game generates more utility than the Broadway play
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