Steve Is Currently Maximizing Utility by Consuming Three Fried Eggs

question 117

Multiple Choice

Steve is currently maximizing utility by consuming three fried eggs and four strips of bacon. From this you can conclude that the:

• A) marginal utility of the third fried egg equals the marginal utility of the fourth strip of bacon.
• B) total utility of the three eggs equals the total utility of the four strips of bacon.
• C) opportunity cost of not consuming the third fried egg equals the opportunity cost of not consuming the fourth strip of bacon.
• D) price of eggs and bacon are the same.