Author Question: Quantity of pizzaTotal utility from pizzaQuantity of Diet Pepsi Total utility from Diet ... (Read 72 times)

codyclark · **on:** May 24, 2019

Quantity of pizza	Total utility from pizza	Quantity of Diet Pepsi	Total utility from Diet Pepsi
0	0	0	0
1	24	1	14
2	44	2	26
3	60	3	36
4	72	4	44
5	76	5	50
6	79	6	54
7	80	7	56

Suppose that you consume only pizza, which costs $4 per slice, and Diet Pepsi, which costs $2 each. The table above gives your utility from consuming these two goods. If your income is $14, which of the following consumption combinations will you choose?
◦ 3 slices of pizza and 1 Diet Pepsi
◦ 2 slices of pizza and 3 Diet Pepsis
◦ 1 slice of pizza and 5 Diet Pepsis
◦ 0 slices of pizza and 7 Diet Pepsis
◦ None of these answers is correct.

mammy1697 · **Reply #1 on:** May 24, 2019

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