Solved

Assume That Katie Has the Preferences Shown in the Above

Question 329

Multiple Choice

Assume that Katie has the preferences shown in the above table. Also assume that the price of a can of Pepsi is $3.00 and that the price of a slice of pizza is $2.00. If she has $16 available to spend, what combination of Pepsi and pizza will be her consumer optimum?


A) 1 can of Pepsi, 4 slices of pizza
B) 2 cans of Pepsi, 5 slices of pizza
C) 4 cans of Pepsi, 2 slices of pizza
D) 6 cans of Pepsi, 0 slices of pizza

Correct Answer:

verifed

Verified

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

Related Questions

Q324: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q325: Suppose that the quantity of good y

Q326: Along an indifference curve<br>A) every combination of

Q327: The law of demand is derived under

Q328: When total utility is falling<br>A) marginal utility

Q330: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above

Q331: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Given the above

Q332: Refer to the above table. The table

Q333: A consumer who has chosen the right

Q334: If the total utility derived from consuming