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Author Question: The marginal utility of the first smoothie that Jimmy drinks in the morning is worth $3.00. The ... (Read 55 times)

bucstennis@aim.com

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The marginal utility of the first smoothie that Jimmy drinks in the morning is worth $3.00. The marginal utility of the 4th smoothie he drinks is positive while the marginal utility of the 5th smoothie he drinks in the morning is worth $0. This implies that at a price of $0, Jimmy would drink


◦ zero smoothies per morning.
◦ at most 5 smoothies per morning.
◦ more than 5 smoothies per morning, but the actual number is indeterminate from this information.
◦ an infinite number of smoothies each morning.


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Marked as best answer by bucstennis@aim.com on Apr 19, 2019

Moriaki

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Moriaki

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