2 J Home Question 8 Not yet answered Morked out of 100 T Flag question Previous page My courses ECON 1150 A10 SUMMER 202

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2 J Home Question 8 Not Yet Answered Morked Out Of 100 T Flag Question Previous Page My Courses Econ 1150 A10 Summer 202 1 (34.35 KiB) Viewed 8 times

2 J Home Question 8 Not yet answered Morked out of 100 T Flag question Previous page My courses ECON 1150 A10 SUMMER 2022 Week 9 Exercise Assume that a pound of blueberries costs $2. Usually, James purchase 30 pounds of blueberries in one summer, and his neighbour Helen purchases 20 pounds. Suppose the marginal value of each pound of blueberries falls with the quantity. Which of the following is true? O a. The last pound of blueberries James purchases has a higher marginal value than the last pound of blueberries Helen purchases. blueberries James purchases. O b. The last pound of blueberries Helen purchases has a higher marginal value than the last pound of Oc. Both James and Helen will stop purchasing when the marginal value of the next pound falls below $2. Od. The consumer surplus obtained from certain pounds of blueberries can be negative. O e. James must have obtained a higher total value from blueberries than Helen.