If the marginal benefit Isaac derives from the consumption of another candy bar is greater than the price of the candy bar,then:
A) Isaac will not purchase any more candy bars.
B) Isaac will increase his total satisfaction by purchasing the candy bar.
C) the opportunity cost of the candy bar is less than the price.
D) Isaac's total utility will diminish if he purchases the candy bar.

Question

Quizplus · Accepted Answer

If the marginal benefit Isaac derives from the consumption of another candy bar is greater than the price of the candy bar, it means that he values the candy bar at a higher amount than its price. Thus, he will gain a net increase in satisfaction and total utility by purchasing the candy bar. Therefore, he will increase his total satisfaction by purchasing the candy bar.

If the Marginal Benefit Isaac Derives from the Consumption of Another