Homework Clinic

Social Science Clinic => Economics => Topic started by: karlynnae on Apr 19, 2019

Title: Kathleen likes avocado and crab dip. After eating avocado and crab dip with four crackers, she ...
Post by: karlynnae on Apr 19, 2019

Kathleen likes avocado and crab dip. After eating avocado and crab dip with four crackers, she switches to cheese with crackers. We can conclude that


◦ the avocado and crab dip cannot have tasted that good.
◦ the avocado and crab dip with crackers now has a marginal utility of zero.
◦ at this point cheese and crackers have a higher marginal utility per dollar spent than that of avocado and crab dip with crackers.
◦ Kathleen is no longer maximizing her utility.
Title: Kathleen likes avocado and crab dip. After eating avocado and crab dip with four crackers, she ...
Post by: jaaaaaaa on Apr 19, 2019
at this point cheese and crackers have a higher marginal utility per dollar spent than that of avocado and crab dip with crackers.
Title: Re: Kathleen likes avocado and crab dip. After eating avocado and crab dip with four crackers, she .
Post by: Antony Antonio on Mar 26, 2023
Thank you