Suppose a consumer really likes rutabagas and likes broccoli fairly well.Suppose the prices of both goods are $0.60 per pound and that the consumer is maximizing utility, consuming 5 pounds of rutabagas and 1/2 pound of broccoli per month.We can conclude that:
A) the marginal utilities of both goods are the same.
B) the marginal utility of rutabagas is greater than the marginal utility of broccoli.
C) the marginal utility of broccoli is greater than the marginal utility of rutabagas.
D) the marginal utility of both goods is zero.

Question

Quizplus · Accepted Answer

The marginal utility of rutabagas is equal to the marginal utility of broccoli because the consumer is maximizing utility and consuming both goods in the same proportion.

Suppose a Consumer Really Likes Rutabagas and Likes Broccoli Fairly