Based on the information in Figure 2 and the table below, which one of the following statements is correct?
| Quantity of pizza slices | Total Utility (relative units) |
|---|---|
| 0 | 0.0 |
| 1 | 8.0 |
| 2 | 18.0 |
| 3 | 26.0 |
| 4 | 30.0 |
| 5 | 30.0 |
| 6 | 24.0 |
A rational consumer will choose to consume exactly 4 slices of pizza each day
Diminishing marginal utility sets in with the consumption of the 2nd slice of pizza
Marginal utility is maximised with the consumption of the 5th slice of pizza
Marginal utility from consuming the 3rd slice of pizza is less than from the 2nd slice
