Janice really like potatoes. At best any other goods are worth less than a dolla

Question

Janice really like potatoes. At best any other goods are worth less than a dollar to her, potatoes cost $1 per pound, and she has $5.00 that she could possibly spend on potatoes and other items. Suppose she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30. How many pounds of potatoes will she purchase? Janice really like potatoes. At best any other goods are worth less than a dollar to her, potatoes cost $1 per pound, and she has $5.00 that she could possibly spend on potatoes and other items. Suppose she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30. How many pounds of potatoes will she purchase?

Explanation / Answer

Janice will buy potatoes upto the level where potatoes worth is more than cost

so in this case Janice will buy 3 pounds of potatoes because first pound, second pound and third pound worth is higher than the potatoes per pound cost of $1.

beyond three pounds, worth is less than the cost, so she will buy only three pounds.

the above is the answer

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