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Suppose a trip to the theater costs $10, but gives 40 units of utility to a consumer. A trip to the movies costs $15 and
Suppose a trip to the theater costs $10, but gives 40 units of utility to a consumer. A trip to the movies costs $15 and gives 50 units of utility, while a trip to the opera costs $20 and gives 90 units of utility. If a consumer had to pick an activity to do next, according to Gossen's second law, which would it be (theater, movies, opera)?
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