Suppose the seventh carrot you consume provides a marginal utility of 1 util and after eating the eighth carrot, you would have a total of 5 utils. If you consume the eighth carrot your marginal utility will decrease by 4 increase by 4 decrease by 1 increase by 1 not enough information to determine the answer.
Suppose the seventh carrot you consume provides a marginal utility of 1 util and after eating the eighth carrot, you would have a total of 5 utils. If you consume the eighth carrot your marginal utility will decrease by 4 increase by 4 decrease by 1 increase by 1 not enough information to determine the answer.
Chapter10: Consumer Choice Theory
Section: Chapter Questions
Problem 4P
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