Suppose that for Jason the marginal utility of $50-per-serving caviar is 100 and the marginal utility of $1-per-serving popcorn is 10.For his snack, Jason should buy
A)the caviar if he has the $50; otherwise the popcorn
B)the caviar if he has the $50; otherwise nothing
C)the popcorn, whether he has the $50 or not
D)one serving each of the caviar and popcorn, if he has $51
E)five servings of popcorn for each serving of caviar

Question

Quizplus · Accepted Answer

The Answer of Suppose that for Jason the marginal utility of $50-per-serving caviar is 100 and the marginal utility of $1-per-serving popcorn is 10.For his snack, Jason should buy
A)the caviar if he has the $50; otherwise the popcorn
B)the caviar if he has the $50; otherwise nothing
C)the popcorn, whether he has the $50 or not
D)one serving each of the caviar and popcorn, if he has $51
E)five servings of popcorn for each serving of caviar

Suppose That for Jason the Marginal Utility of $50-Per-Serving Caviar