-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 $20,which of the following consumption combinations will you choose?
A) 5 slices of pizza and no Diet Pepsi
B) 4 slices of pizza and 2 Diet Pepsis
C) 3 slices of pizza and 4 Diet Pepsis
D) 2 slice of pizza and 6 Diet Pepsis
E) None of the above answers is correct.

Question

-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 $20,which of the following consumption combinations will you choose?
A) 5 slices of pizza and no Diet Pepsi 
B) 4 slices of pizza and 2 Diet Pepsis 
C) 3 slices of pizza and 4 Diet Pepsis 
D) 2 slice of pizza and 6 Diet Pepsis 
E) None of the above answers is correct.

Quizplus · Accepted Answer

The budget constraint is $20. Option C costs $20 (3 slices of pizza at $4 each and 4 Diet Pepsis at $2 each), and it maximizes utility given the budget.

-Suppose That You Consume Only Pizza,which Costs $4 Per Slice,and