Refer to Table 8.3.1, which sets out Devon's total utility from windsurfing a...

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Table 8.3.1

Refer to Table 8.3.1, which sets out Devon's total utility from windsurfing and snorkeling activities. Windsurfing is $10 per hour and snorkeling is $5 per hour. If Devon's income increases from $35 to $55, how does marginal utility theory predict that Devon's consumer equilibrium will change?

Devon's demand for each activity increases, but the demand for snorkeling increases by less.

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Devon's demand for each activity increases, but the demand for snorkeling increases by more.

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Devon increases the time he snorkels by moving up along his demand curve for snorkeling.

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Devon increases the time he windsurfs by moving down along his demand curve for windsurfing.

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Devon increases the time he windsurfs by more than he increases the time he snorkels.

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