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Rather Than Increase Food Prices, Manufacturers Sometimes Decrease the Amount

Question 38

Multiple Choice

Rather than increase food prices, manufacturers sometimes decrease the amount of food in a package, often imperceptibly. Suppose Acme Foods wants to raise the price of peanut butter but still sell each jar for $3.19. The current jar contains 16 oz. of peanut butter. Assume the Weber ratio for felt weight is .05. Which of the following is the smallest-size jar that will still feel the same as the 16 oz. jar to most people?


A) 14.80 oz.
B) 15.20 oz
C) 15.50 oz.
D) 15.95 oz.

Correct Answer:

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