Suppose Jason's marginal utility of the $50-per-serving caviar is 100 units and that of the $1-per-serving popcorn is 10 units. Which of the following combinations of snacks would he prefer to buy?
A)If he has $49, then he will buy one serving of caviar and zero servings of popcorn.
B)If he has $53, he will buy one serving of caviar and two servings of popcorn.
C)Irrespective of the amount of money he has, he will always buy popcorn.
D)If he has $50, then he will buy one serving each of the caviar and popcorn.
E)Irrespective of the amount of money he has, he will always buy caviar.

Question

Suppose Jason's marginal utility of the $50-per-serving caviar is 100 units and that of the $1-per-serving popcorn is 10 units. Which of the following combinations of snacks would he prefer to buy?​
A)If he has $49, then he will buy one serving of caviar and zero servings of popcorn.
B)If he has $53, he will buy one serving of caviar and two servings of popcorn.
C)Irrespective of the amount of money he has, he will always buy popcorn.
D)If he has $50, then he will buy one serving each of the caviar and popcorn.
E)Irrespective of the amount of money he has, he will always buy caviar.

Quizplus · Accepted Answer

The Answer of Suppose Jason's marginal utility of the $50-per-serving caviar is 100 units and that of the $1-per-serving popcorn is 10 units. Which of the following combinations of snacks would he prefer to buy?​
A)If he has $49, then he will buy one serving of caviar and zero servings of popcorn.
B)If he has $53, he will buy one serving of caviar and two servings of popcorn.
C)Irrespective of the amount of money he has, he will always buy popcorn.
D)If he has $50, then he will buy one serving each of the caviar and popcorn.
E)Irrespective of the amount of money he has, he will always buy caviar.

Suppose Jason's Marginal Utility of the $50-Per-Serving Caviar Is 100