Business, 24.03.2020 18:02 jessieeverett432

As you start consuming potato chips, your marginal utility is very high, but begins to fall slowly until you’ve eaten 10 chips. After eating 10 chips, marginal utility decreases even faster with each additional chip. Marginal utility continues to decline but remains positive until you’ve eaten 49 chips. The 50th chip does not give you any additional utility. After 50 chips, your marginal utility is negative.
How many chips should you eat in order to maximize your marginal utility?

1

10

49

50

Answers: 2

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As you start consuming potato chips, your marginal utility is very high, but begins to fall slowly u...