Answered

Whether you're a student or a professional, IDNLearn.com has answers for everyone. Get accurate and comprehensive answers to your questions from our community of knowledgeable professionals.

Tania really enjoyed the salads sold at her local grocery store, so she purchased five of them to eat throughout the week. The first salad is delicious, and Tania eats it quickly, looking forward to the next one. The second day, the next salad is also good. By the third day, some of the ingredients in the next salad are starting to go bad, and by the fourth day, Tania cannot bring herself to eat any more and throws away the remaining salads. Which statement would be unlikely in economic terms?

a. Tania achieved utility maximization with her purchase of five salads.
b. Tania would achieve higher marginal utility by eating something other than the fourth salad.
c. Tania would achieve higher marginal utility if she purchased fewer salads.
d. Tania's marginal benefit was higher for the first two salads than the third and fourth.

Sagot :

Eooyibo123idn

Answer:

a. Tania achieved utility maximization with her purchase of five salads.

Explanation:

Maximising individual satisfaction is the main aim in an economy.

Utility is a measure of the degree of satisfaction that a person gets from consuming a good.

In the given scenario Tania bought 5 salads and enjoyed only 2. She had to throw away the remaining because of spoilage.

In economic terms she would have been better of purchasing fewer salads for example if she only did 2 salads her utility will be maximised.

She is also better off consuming something else than the fourth salad. She derived no satisfaction from the fourth salad as she had to throw it away.

As she enjoyed the first two salads her marginal utility is higher with them than for the ones she did not consume.

However to state that she achieved maximum utility with purchase of the 5 salads is wrong because she only consumed 2 and had to throw the rest away

Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Thank you for choosing IDNLearn.com. We’re here to provide reliable answers, so please visit us again for more solutions.