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.
A
You might also like to view...
The textbook authors claim
A) diabetics don't need insulin. B) diabetics don't want insulin. C) diabetics face no substitutes for insulin. D) diabetics can't find insulin at a fair price. E) none of the above.
Tariffs can never raise a country's standard of living. True or false? Explain carefully
What will be an ideal response?
The government regulates the banking industry by
A. conducting frequent audits and examinations. B. limiting the kinds of assets that a bank may own. C. limiting the quantity of some kinds of assets that a bank may own. D. All of these responses are correct.
The economy's aggregate supply curve reflects
A) A normal range. B) A Keynesian or depression range. C) A classical range. D) All of the above.