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Author Question: For Matthew, the marginal utility of the 9th soda in a day is positive and the marginal utility of ... (Read 139 times)

torybrooks

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For Matthew, the marginal utility of the 9th soda in a day is positive and the marginal utility of the 10th soda in a day is zero. This


◦ implies that Matthew's demand curve for sodas per day will become upward sloping at 10 sodas per day.
◦ is impossible because each additional unit of consumption of any good must provide positive marginal utility.
◦ implies that at a zero price Matthew's demand curve will intersect the quantity axis at 10.
◦ implies that Matthew maximizes utility by consuming 9 sodas per day.


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Marked as best answer by torybrooks on Apr 19, 2019

jrpg123456

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