Suppose that Dave normally orders two tacos, but on seeingthey are on sale, deci

Question

Suppose that Dave normally orders two tacos, but on seeingthey are on sale, decides to buy three. Dave's decision is bestexplained by the: A.law of increasing opportunity costs. B.law of supply. C.principle of comparative advantage. D.the principle of utility maximization. Suppose that Dave normally orders two tacos, but on seeingthey are on sale, decides to buy three. Dave's decision is bestexplained by the: A.law of increasing opportunity costs. B.law of supply. C.principle of comparative advantage. D.the principle of utility maximization.

Explanation / Answer

D. the principle of utility max. because he uses a sale or discount which maximizes utility.

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