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A consumer ate 2 pints of ice-cream and believe that his total utility is valued at $24.87. He then decides that consuming an additional pint
A consumer ate 2 pints of ice-cream and believe that his total utility is valued at $24.87. He then decides that consuming an additional pint would make him ill and therefore is not necessary. As a result he assign a marginal utility is negative $1.77 to that extra unit. What would be his total utility if he change his mind and have the ice cream?
a.
Decrease to $24.10
b.
Increase to $25.64
c.
Increase to $26.64
d.
Decrease to $23.10
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