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 $8. If Kyle is currently buying seven turkey sandwiches a week, he ________ maximizing utility because the marginal utility ________ than its price.
A) is; from the seventh sandwich is greater
B) is; from the seventh sandwich is less
C) is not; gained from the seventh sandwich is less
D) is not; gained from the seventh 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 $8. If Kyle is currently buying seven turkey sandwiches a week, he ________ maximizing utility because the marginal utility ________ than its price.
A) is; from the seventh sandwich is greater 
B) is; from the seventh sandwich is less 
C) is not; gained from the seventh sandwich is less 
D) is not; gained from the seventh sandwich is greater

Quizplus · Accepted Answer

Kyle is not maximizing utility if the marginal utility from the seventh sandwich is less than its price, indicating he could achieve greater satisfaction by reallocating his spending.

Refer to the Information Provided in Figure 6