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A consumer is consuming three units of a product. The marginal utilities of the three units are as follows: 10, 8, and 6. What can
A consumer is consuming three units of a product. The marginal utilities of the three units are as follows: 10, 8, and 6. What can be concluded about the rational consumer's choices? Question 11Answer a. The consumer should allocate more budget to other products with higher marginal utility. b. The consumer should stop consuming the product as the marginal utility is decreasing. c. The consumer should continue to consume more units to increase the total utility. d. The consumer should continue consuming the product until the marginal utility becomes negative
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