Refer to the information provided in Figure 6.15 below to answer the question that follows. Figure 6.15
-Refer to Figure 6.15. Why is Jason not maximizing his utility at point B?
A) He is not spending his entire budget.
B) His marginal utility per dollar spent on the last sandwich is greater than his marginal utility per dollar spent on his last hot dog.
C) His marginal utility per dollar spent on the last sandwich is less than his marginal utility per dollar spent on his last hot dog.
D) He is maximizing his utility at point B.

Question

Refer to the information provided in Figure 6.15 below to answer the question that follows.  Figure 6.15
-Refer to Figure 6.15. Why is Jason not maximizing his utility at point B?
A) He is not spending his entire budget. 
B) His marginal utility per dollar spent on the last sandwich is greater than his marginal utility per dollar spent on his last hot dog. 
C) His marginal utility per dollar spent on the last sandwich is less than his marginal utility per dollar spent on his last hot dog. 
D) He is maximizing his utility at point B.

Quizplus · Accepted Answer

Jason is not maximizing his utility at point B because the marginal utility per dollar spent on the last sandwich is less than the marginal utility per dollar spent on his last hot dog, indicating that he could increase his total utility by reallocating his spending.

Refer to the Information Provided in Figure 6