A consumer possesses five pounds of bananas and values their total utility at $2.14.If one additional pound is acquired and marginal utility is 11 cents, total utility will
A)rise to $2.25.
B)fall to $2.03.
C)stay the same.
D)fall to $2.11.

Question

Quizplus · Accepted Answer

The additional pound of bananas increases the total utility by 11 cents, bringing the total value to $2.25. Therefore, it is the best choice to acquire the additional pound of bananas.

A Consumer Possesses Five Pounds of Bananas and Values Their