Asked by Abdul Rahman Aljajah on Jul 03, 2024

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Assuming that diminishing marginal utility applies to both pomegranates and bananas,if Vanessa buys more pomegranates and fewer bananas,the _____ utility of pomegranates will _____,and the _____ utility of bananas will _____.

A) marginal;fall;marginal;rise
B) marginal;rise;marginal;fall
C) total;fall;marginal;rise
D) marginal;rise;total;rise

Diminishing Marginal Utility

Diminishing Marginal Utility is the principle stating that as a person increases consumption of a product, there is a decline in the marginal utility that person derives from consuming each additional unit of that product.

Pomegranates

A fruit with a tough outer layer that contains sweet-tart arils, which are edible seeds surrounded by juicy pulp.

Bananas

A type of elongated, edible fruit produced by various kinds of large herbaceous flowering plants in the genus Musa.

  • Grasp the principle of diminishing marginal utility and its implications for consumption decisions.
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AO
Ajoke OmageJul 09, 2024
Final Answer :
A
Explanation :
According to the principle of diminishing marginal utility, as Vanessa buys more pomegranates, the additional satisfaction (marginal utility) she gets from consuming each additional pomegranate will decrease. Conversely, as she buys fewer bananas, the marginal utility of bananas will increase because she is consuming them less frequently, making each banana more valuable in terms of the satisfaction it provides.