Multiple Choice
Suppose Lizzie consumes soda and pizza.If the last bottle of soda she drinks provides 100 units of utility per dollar while the last slice of pizza she eats provides 300 units of utility per dollar,
A) the demand curve for soda must have shifted outward.
B) the demand curve for pizza must have shifted inward.
C) Lizzie should buy more pizza and less soda to maximize her utility.
D) the indifference curve for soda and pizza must have rotated inward.
E) the marginal rate of substitution between soda and pizza equals 3.
Correct Answer:

Verified
Correct Answer:
Verified
Q273: Any point below a given indifference curve
Q274: The marginal rate of substitution of one
Q275: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above
Q276: If the price of the good measured
Q277: If a person consumes only two goods,which
Q279: The magnitude of the slope of an
Q280: Goods that are valuable will have a
Q281: Suppose the quantity of burgers is measured
Q282: Bottles of Soda Slices of Pizza<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg"
Q283: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Which of the