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Author Question: Brian consumes only pizza and soda. When the price of a soda is 2 and the price of a slice of pizza ... (Read 161 times)

jasdeep_brar

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on: Jun 29, 2018
Brian consumes only pizza and soda. When the price of a soda is 2 and the price of a slice of pizza is 4, Brian maximizes his utility by buying 5 sodas and 10 slices of pizza.
 
  If the marginal utility of the 5th soda is 100, then the marginal utility from the 10th slice of pizza must be ________. A) 200
  B) 100
  C) 50
  D) More information is needed to determine the marginal utility of the 10th slice of pizza.

Question 2

Sharmila has a budget line for DVDs and books. DVDs are on the vertical axis and books on the horizontal. Her budget line becomes steeper as
 
  A) the price of a DVD falls.
  B) the price of a DVD rises.
  C) her income decreases.
  D) her income increases.


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blazinlyss

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


jasdeep_brar

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

smrtceo

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Reply 3 on: Yesterday
Excellent

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