Solved

Jack Is Maximizing Utility by Consuming Soft Drinks at $2

Question 45

Multiple Choice

Jack is maximizing utility by consuming soft drinks at $2 each and four pieces of pizza.The last soft drink gave him 100 units of utility and the last piece of pizza gave him 50 units of utility.The price of a piece of pizza is


A) $3.00.
B) $1.50.
C) $1.00.
D) $0.50.
E) $2.00.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents