Consumer Choice Discussion

Consumer Choice Discussion

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. Then write comments on choice of your classmates if they chose a different answer.