The price of a can of soft drink is $1.25 and the marginal utility of the second can consumed is 10 utils. The marginal utility of the third hotdog is 4 utils. You should only consume the third hotdog if the price of the hotdog is less than or equal to
A) $0.41.
B) $0.625.
C) $0.25.
D) $0.50.

Question

Quizplus · Accepted Answer

The Answer of The price of a can of soft drink is $1.25 and the marginal utility of the second can consumed is 10 utils. The marginal utility of the third hotdog is 4 utils. You should only consume the third hotdog if the price of the hotdog is less than or equal to
A) $0.41.
B) $0.625.
C) $0.25.
D) $0.50.

The Price of a Can of Soft Drink Is $1