Rich has $100, 000 and Poore has $1, 000. Which of these statements is most stro

Question

Rich has $100, 000 and Poore has $1, 000. Which of these statements is most strongly supported by the theory of consumer choice? An extra dollar given to Rich is worth less to him than his 100, 000th dollar. An extra dollar is worth less to Rich than it is to Poore. An extra dollar is worth less to Poore than it is to Rich. Rich's 1, 000th dollar is worth more to Rich than Poore's 1, 000th dollar is worth to Poore. Rich's 100, 000th dollar is worth to Rich exactly what Poore's 1, 000th dollar is worth to Poore.

Explanation / Answer

C

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