In 2007 americans downloaded 800 million singles at 99cent


In 2007, Americans downloaded 800 million singles at 99cent and 40 million albums at $10 each. They also bought 3 million singles on a disc at $4.75 each and 500 million albums on discs at $15. What does marginal utility theory tell you about the ratio of the marginal utility from singles on discs to the marginal utility from single downloads? What does it tell you about the ratio of the marginal utility from albums on discs to the marginal utility from album downloads?

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Econometrics: In 2007 americans downloaded 800 million singles at 99cent
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