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If you have already eaten 1 eggs and 3 sausages, eating another egg increase your utility...

If you have already eaten 1 eggs and 3 sausages, eating another egg increase your utility by 8, and eating another sausage increase your utility by 2. How many sausages are you willing to give up for an additional egg? (Explain your answer)

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Answer #1

It has been stated that eating another egg increases the utility by 8.

On the other hand, eating another sausage increases the utility by 2.

This indicates that utility provided by one additional egg is equal to the utility provided by 4 additional sausages.

This means that utility provided by 1 egg is equal to the total utility provided by 4 sausages. It implies that if a person eats one egg or 4 sausages, his utility would be same.

Thus,

A person would be willing to give up 4 sausages for an additional egg.

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