Solved

Dan Is Currently Consuming 10 Cokes and 5 Slices of Pizza

Question 47

Multiple Choice

Dan is currently consuming 10 Cokes and 5 slices of pizza per week such that the marginal utility of the tenth Coke is 12 utils and that of the fifth slice of pizza is also 12 utils. How should Dan redirect his purchases so as to attain consumer equilibrium?


A) He should buy more pizza slices and less Coke.
B) He should buy fewer pizza slices and more Coke.
C) He is currently attaining consumer equilibrium and should not redirect his purchases.
D) He could gain more satisfaction by buying less of both and more of something else.
E) There is not enough information to answer the question.

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