If Kathy consumes one more bottle of soda her total utility will increase by 50 utils....
If Kathy consumes one more bottle of soda her total utility will increase by 50 utils. However, in order to purchase one additional bottle of soda she will have to give up consuming three cheeseburgers which currently contribute 75 utils to her total utility. What will happen if she chooses to consume one more bottle of soda? Will Kathy experience a net utility gain or loss? Enter the net utility of this choice in the below space. Indicate a loss with a negative value in your answer. For example, if you have a net utility loss of 8 utils, enter −8.
Homework Answers
When Kathy consumes an additional bottle of soda, here total utility increases by = 50 utils of utility.
When Kathy gives up consuming three cheeseburges due to the additional bottle of soda, she loses = 75 utils of total utility.
So she gains 50 utils by losing 75 utils of total utility, which means that she loses (50 - 75) = -25 utils of utility by consuming an additional bottle of soda.
Answer: When Kathy chooses to consume one more bottle of soda, she will experience a net utility loss of = -25 utils.
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If Kathy consumes one more bottle of soda her total utility will
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provided to help us address her questions and provide
recommendations for her business decisions.
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