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Consumer Choice When choosing between two items, a consumer should choose: a. The one which is cheaper b. The one which has more marginal utility
Consumer Choice When choosing between two items, a consumer should choose: a. The one which is cheaper b. The one which has more marginal utility c. The one which gives more marginal utility per dollar d. The one has more utility but is more expensive e. None of the above choose one of the above and explain why. Always give a suitable answer to illustrate your point. Then write comments on the choice of your classmates if they chose a different answer. Analyze all 5 options. If you were a consumer and purchased an Apple product such as an iPhone what option would you choose? Why? Substantiate your
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