Refer to the information provided in Figure 6.10 below to answer the question(s) that follow. Figure 6.10
-Refer to Figure 6.10. The current price of a turkey sandwich is $6. If Kyle is currently buying nine turkey sandwiches a week, he ________ maximizing utility because the marginal utility ________ than its price.
A) is; from the ninth sandwich is greater
B) is; from the ninth sandwich is less
C) is not; gained from the ninth sandwich is less
D) is not; gained from the ninth sandwich is greater

Question

Refer to the information provided in Figure 6.10 below to answer the question(s) that follow.  Figure 6.10
-Refer to Figure 6.10. The current price of a turkey sandwich is $6. If Kyle is currently buying nine turkey sandwiches a week, he ________ maximizing utility because the marginal utility ________ than its price.
A) is; from the ninth sandwich is greater 
B) is; from the ninth sandwich is less 
C) is not; gained from the ninth sandwich is less 
D) is not; gained from the ninth sandwich is greater

Quizplus · Accepted Answer

Kyle is not maximizing utility if the marginal utility from the ninth sandwich is less than its price, as he would be getting less satisfaction per dollar spent on the last sandwich compared to spending that money on something else.

Refer to the Information Provided in Figure 6