Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 7 - Consumer Choice: Utility Theory and Insights from Neuroscience - Exercises - 7.1 Traditional Consumer Choice: Utility Theory - Page 177: 1.13a

Answer

Would you feel more satisfied if you had more food and a smaller house? Would you feel more satisfied if you had less food ad a bigger house?

Work Step by Step

To determine if he is maximizing utility you need to determine if the marginal value of one good exceeds the other.
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