Author Question: If you buy a good, its expected marginal value to you a. is equal to its price b. is greater than ... (Read 43 times)

arivle123 · **on:** Jul 1, 2018

If you buy a good, its expected marginal value to you
a. is equal to its price
b. is greater than its price
c. is less than its price
d. may be less than or equal to but not greater than its price
e. may be greater than or equal to but not less than its price

Question 2

Arthur Bach is worth 780 million dollars. He goes into an upscale men's store and buys 32 green sweaters, each costing 200 . If Arthur has maximized his utility from this purchase, what is the marginal utility of the thirty-third green sweater?
a. cannot tell
b. greater than 200
c. less than 200
d. 0
e. 200