Joe consumes pizza and movies. Pizza and movies are substitutes. According to marginal utility theory, if the price of a pizza rises then
A) the demand curve for pizza shifts leftward.
B) the demand curve for pizza shifts leftward and the demand curve for movies shifts rightward.
C) there is an upward movement along the demand curve for pizza.
D) there is an upward movement along the demand curve for pizza and the demand curve for movies shifts rightward.
Question 2
The figure above shows a perfectly competitive firm. The figure shows a firm
A) in the short run.
B) in the long run.
C) at its shutdown point.
D) Both answers A and C are correct.
A graphical representation of the marginal value theorem.
(a) Zombies are a common theme in movies. However, (b) the number of zombie movies released each yea
A variety of sugar substitutes is available to the consumer
Foods made with fat substitutes aren’t calorie free
Pizza and eating disorders can be life threatening
A slice of cheese pizza has a caloric content of 150 Cal. If this energy could b