Suppose a consumer has $150 to be spent on either books or video games. Video games cost $50 each and books cost $10 each. The consumer decides to buy 2 video games and 5 books. The marginal utility of the 2nd video game is 100, and the marginal utility of the 5th book is 80. Did this consumer follow the utility maximizing rule? Group of answer choices
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Home » Advanced Placement (AP) » Suppose a consumer has $150 to be spent on either books or video games. Video games cost $50 each and books cost $10 each. The consumer decides to buy 2 video games and 5 books.