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dskmvld dskmvld
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5 years ago

Question 1.





Suppose the price of pizza is $2 and the consumer optimum is reached when MU/P = 3. Tom's preferences for pizza are shown in the above table. How many slices will Tom buy?

• 1 slice

• 2 slices

• 3 slices

• 4 slices

Question 2.





Suppose the price of pizza falls to $1 per slice. Assuming that Tom's preferences continue to be those shown in the above table, and assuming that MU/P = 3 is still the point at which his consumer optimum is reached, how many slices will Tom now buy?

• 1 slice

• 2 slices

• 3 slices

• 4 slices
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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peaceout3000peaceout3000
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dskmvld Author
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TY
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