Theo derives more utility from spending an additional rand on boots than on red berets. We can assume that

Question

Answer

the marginal utility per rand spent on boots is less than the marginal utility per rand spent on red berets.

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the marginal utility per rand spent on boots is equal to the marginal utility per rand spent on red berets.

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boots cost less than red berets.

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the marginal utility per rand spent on boots is greater than the marginal utility per rand spent on red berets.

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