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Author Question: Kathleen likes avocado and crab dip. After eating avocado and crab dip with four crackers, she ... (Read 1369 times)

karlynnae

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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.


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Marked as best answer by karlynnae on Apr 19, 2019

jaaaaaaa

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