Multiple Choice
When someone is served pizza and soda for dinner, that individual would typically eat some pizza, then drink some soda, then eat more pizza, and so on, until consumption of both pizza and soda ceases. How can this behavior be explained using economic concepts?
A) The individual is revealing an indecisiveness about whether more utility is received from pizza or from soda.
B) People tend to act irrationally around food, and the concept of utility maximization cannot be applied.
C) The individual continues to eat each good until the marginal utility for the one good is lower than the other.
D) The concept of unlimited wants states that an individual will never tire of eating pizza and soda.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Johnny spends his Saturday doing a variety
Q2: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8422/.jpg" alt=" Assume Kara's budget
Q3: Corey has a blue sweater and a
Q4: What is a baseline assumption that economists
Q6: Kimberly decides to decrease her hours at
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8422/.jpg" alt=" Assume the graph
Q8: The table shown describes the different combinations
Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8422/.jpg" alt=" If Xavier's budget
Q10: Which of the following statements is true
Q11: Billy is deciding whether to stay home