Solved

The Relationship Between the Marginal Utility That Casey Gets from Eating

Question 3

Multiple Choice

The relationship between the marginal utility that Casey gets from eating ice cream sundaes and the number of ice cream cones he eats per week is as follows: The relationship between the marginal utility that Casey gets from eating ice cream sundaes and the number of ice cream cones he eats per week is as follows:   Casey receives 3 units of utility from the last dollar spent on each of the other goods he consumes. If ice cream sundaes cost $4 each, how many ice cream sundaes will he consume per month if he maximizes utility? A) 2 B) 3 C) 4 D) 5 Casey receives 3 units of utility from the last dollar spent on each of the other goods he consumes. If ice cream sundaes cost $4 each, how many ice cream sundaes will he consume per month if he maximizes utility?


A) 2
B) 3
C) 4
D) 5

Correct Answer:

verifed

Verified

Related Questions