If Terry's total utility is maximized when he owns 10 pairs of shoes, then Terry's total utility from owning 7 pairs of shoes is ________ Terry's total utility from owning 8 pairs.
A)greater than
B)equal to
C)less than
D)less than or equal to

Question

Quizplus · Accepted Answer

If his total utility is maximized at 10 pairs of shoes, then each additional pair of shoes must add to his total utility (at least for the first 10 pairs), so the total utility from 7 pairs must be less than the total utility from 8 pairs.

If Terry's Total Utility Is Maximized When He Owns 10