Ben is asked to rate the utility he would get from reading different types of publications for the next hour.If he read a graphic novel he would get utility of 5.If he read a biography,he would get utility of 4,and if he read his economics textbook,he would get utility of 9.An economist would predict that Ben will spend his next hour reading:
A) a graphic novel.
B) a biography.
C) his economics textbook.
D) It is impossible to predict how Ben will spend his time.

Question

Quizplus · Accepted Answer

Based on the principle of diminishing marginal utility, an individual will tend to choose an activity that provides the highest utility per unit of time. In this case, the economics textbook provides the highest utility at 9, compared to the graphic novel at 5 and the biography at 4. Therefore, an economist would predict that Ben will spend his next hour reading his economics textbook.

Ben Is Asked to Rate the Utility He Would Get