If the price of Pizzas is $10 per pizza, and Rachel is currently examining purchasing 7 pizzas, she should: O Buy MORE Pizzas as Price is currently LOWER than Marginal Untility O Buy MORE Pizzas as Price is currently Higher than Marginal Utility Buy FEWER Pizzas as Price is Currently HIGHER than Marginal Utility Buy FEWER Pizzas as Price is currently LOWER than Marginal Utility

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 8SQP
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Rachel plans to hold a pizza party for her friends.
Below is data on Rachel's utility for pizza in terms of 8-inch pizzas. Assume $1 has 1 unit of utility
Quantity of 8" pizzas Total Utility of Pizzas
1
18
34
3
48
4
60
70
78
84
18
89
巴
91
2.
Transcribed Image Text:Rachel plans to hold a pizza party for her friends. Below is data on Rachel's utility for pizza in terms of 8-inch pizzas. Assume $1 has 1 unit of utility Quantity of 8" pizzas Total Utility of Pizzas 1 18 34 3 48 4 60 70 78 84 18 89 巴 91 2.
If the price of Pizzas is $10 per pizza, and Rachel is currently examining
purchasing 7 pizzas, she should:
O Buy MORE Pizzas as Price is currently LOWER than Marginal Untility
O Buy MORE Pizzas as Price is currently Higher than Marginal Utility
O Buy FEWER Pizzas as Price is Currently HIGHER than Marginal Utility
O Buy FEWER Pizzas as Price is currently LOWER than Marginal Utility
Transcribed Image Text:If the price of Pizzas is $10 per pizza, and Rachel is currently examining purchasing 7 pizzas, she should: O Buy MORE Pizzas as Price is currently LOWER than Marginal Untility O Buy MORE Pizzas as Price is currently Higher than Marginal Utility O Buy FEWER Pizzas as Price is Currently HIGHER than Marginal Utility O Buy FEWER Pizzas as Price is currently LOWER than Marginal Utility
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