Multiple Choice
If Dalene's marginal benefit from consuming another cookie is greater than the price of the cookie, then _____.
A) Dalene will not purchase any more cookies as the opportunity cost of purchasing another cookie will be more than its price
B) Dalene will purchase more cookies as her total utility is zero
C) Dalene will purchase more cookies as her marginal utility will decrease with the additional purchase
D) Dalene will purchase more cookies as her marginal utility will increase with the additional purchase
E) Dalene will not purchase any more cookies as a reallocation of her budget will decrease her utility
Correct Answer:
Verified
Correct Answer:
Verified
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