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Author Question: Bottles of SodaSlices of Pizza The table above gives Ali's total utility from consuming bottles of ... (Read 487 times)


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ju

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mrsjacobs44

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Bottles of SodaSlices of Pizza



The table above gives Ali's total utility from consuming bottles of soda and slices of pizza. The price of pizza is $2 per slice and the price of soda is $1 per bottle. Ali has $14 in his budget. When Ali maximizes his utility he buys ________ bottles of soda and ________ slices of pizza.
◦ 4; 5
◦ 6; 4
◦ 2; 6
◦ 6; 6
◦ None of these answers is correct.




armygirl

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Bottles of SodaSlices of Pizza



The table above gives Ali's total utility from consuming bottles of soda and slices of pizza. The price of pizza is $2 per slice and the price of soda is $1 per bottle. Ali has $14 in his budget. When Ali maximizes his utility, his total utility equals
◦ 6.
◦ 9.
◦ 69.
◦ 61.
◦ None of these answers is correct.






fnuegbu

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Bottles of SodaSlices of Pizza



The table above gives Ali's total utility from consuming bottles of soda and slices of pizza. Suppose the price of a slice of pizza increases. As a result, Ali's
◦ marginal utility per dollar from pizza decreases.
◦ total utility increases.
◦ purchases of pizza might increase.
◦ marginal utility from all the slices of pizza he consumes decreases.
◦ marginal utility per dollar from soda increases.



lauravaras

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marginal utility per dollar from pizza decreases.



 

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