Suppose consumption bundle A contains 2 books and 5 candy bars, consumption bundle B contains 4 books and 4 candy bars, and consumption bundle C contains 3 books and 2 candy bars. If consumption bundle A provides the same amount of utility as consumption bundle C, which of the following must be true? O a. The marginal utility of books is greater than the marginal utility of candy bars O b. Consumption bundle B provides the least utility Oc The marginal utility of candy bars is greater than the marginal utility of books Od. Consumption bundle B provides the most utility

The term utility in general refers to the satisfaction earned from usage of a particular product or service. Utility always plays an important role because it influences various important elements like demand & thereby the price of the good or service as…