Multiple Choice
Suppose Jason's marginal utility of $50-per-serving caviar is 100 units and that of $1-per-serving popcorn is 10 units.Which of the following combinations of snacks would he prefer to buy?
A) If he has $49, then he will buy one serving of caviar and zero servings of popcorn.
B) If he has $53, he will buy one serving of caviar and two servings of popcorn.
C) Irrespective of the amount of money he has, he will always buy popcorn.
D) If he has $50, then he will buy one serving each of caviar and popcorn.
E) Irrespective of the amount of money he has, he will always buy caviar.
Correct Answer:
Verified
Correct Answer:
Verified
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