FIGURE 6-1
-Refer to Figure 6-1.If this figure represents the utility obtained from consuming units of a good,how many units would this consumer consume if the good were free?
A)1
B)2
C)3
D)4
E)at least 5

Question

FIGURE 6-1
-Refer to Figure 6-1.If this figure represents the utility obtained from consuming units of a good,how many units would this consumer consume if the good were free?
A)1 
B)2 
C)3 
D)4 
E)at least 5

Quizplus · Accepted Answer

If the good is free, the consumer will continue to consume until their marginal utility is zero or negative. Since there is no cost, they will consume at least 5 units to maximize their total utility.

FIGURE 6-1 -Refer to Figure 6-1.If This Figure Represents the Utility Obtained