If Odetta's marginal value of freedom fries is $8 per pound,then
A) Odetta will be indifferent if she trades 1 pound of freedom fries for $8 worth of all other goods.
B) Odetta thinks 1 pound of freedom fries is worth $8,2 pounds of freedom fries are worth $16,and so forth.
C) Odetta will not purchase any freedom fries if the price is more than $8 per pound.
D) Odetta must sacrifice $8 in currency for every pound of freedom fries she chooses to purchase.

Question

Quizplus · Accepted Answer

C  Odetta's marginal value of freedom fries is $8 per pound, meaning she values each additional pound at $8. She will be indifferent to trading 1 pound for $8 worth of other goods (A), and she will not buy if the price exceeds $8 per pound (C).

If Odetta's Marginal Value of Freedom Fries Is $8 Per