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Marginal Utility: basketballs Marginal Utility: Netflix subscriptions (per month) Marginal Utility: candy bars 1 45 80 12 2 5 80 3 3 2 80 -4
Marginal Utility: basketballs Marginal Utility: Netflix subscriptions (per month) Marginal Utility: candy bars 1 45 80 12 2 5 80 3 3 2 80 -4 Assume the price of each item is: Basketball price = $10 per ball Netflix price = $15 per month Candy bar price = $1.20 per bar Using the above table, what should a rational consumer choose to consume first? (hint: we assume rational consumers want to get the highest utility per dollar)
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