Price of Can of Beer = $0.50 Total Utility Price of Slice of Pizza = $1.00 Slices per Week Total Utility Cans per Week 1 15 1 32 63 2 29 3. 42 91 4 54 115.75 65 136 6. 75.75 154 7 86 171 8. 96 187 6. 105 201 10 113 10 213 If this consumer only has $10.00 to spend on beer and pizza a week, and is currently consuming 7 slices of pizza and 6 cans of beer per week, what should this consumer do to maximize his utility? Buy only beer. B Buy only pizza. Buy more beer and less pizza. Buy more pizza and less beer. 2345 67840

Price of Can of Beer = $0.50 Total Utility Price of Slice of Pizza = $1.00 Slices per Week Total Utility Cans per Week 1 15 1 32 63 2 29 3. 42 91 4 54 115.75 65 136 6. 75.75 154 7 86 171 8. 96 187 6. 105 201 10 113 10 213 If this consumer only has $10.00 to spend on beer and pizza a week, and is currently consuming 7 slices of pizza and 6 cans of beer per week, what should this consumer do to maximize his utility? Buy only beer. B Buy only pizza. Buy more beer and less pizza. Buy more pizza and less beer. 2345 67840

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The marginal utility of the 8th can of beer is
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