If your marginal utility from your last session with your personal trainer is equal to the price she charged you, then:
Thank you-Jane
What are your choices?
my answer would be A
How do you know?
If your marginal utility from your last session with your personal trainer is equal to the price she charged you, then it means you received exactly the same level of satisfaction from the last session as the amount you paid for it. This can be explained using the concept of marginal utility.
Marginal utility refers to the additional utility or satisfaction gained from consuming one more unit of a particular good or service. It is a subjective measure that differs from person to person. Generally, the more you consume of something, the less additional satisfaction you derive from each additional unit consumed - this is known as the law of diminishing marginal utility.
In this scenario, your marginal utility is equal to the price you paid for the session with your personal trainer. This implies that you have reached a point where the additional satisfaction you would receive from continuing with another session is no longer worth the cost. You have achieved a balance where the benefit you gain from each session matches the monetary value you assign to it.
It is important to note that marginal utility and price are personal and subjective measures, influenced by individual preferences and circumstances. What is valuable to one person may not be the same for another. Therefore, this equality between marginal utility and price may not be the same for everyone.