Question : Bottles of SodaSlices of Pizza 51) The table above gives Ali’s : 1241115

Bottles of SodaSlices of Pizza

51) The table above gives Ali’s total utility from consuming bottles of soda and slices of pizza. The price of pizza is $2 per slice and the price of soda is $1 per bottle. His marginal utility from the 4th slice of pizza is

A) 7.

B) 3.50.

C) 34.

D) 17.50.

E) 27.

52) The table above gives Ali’s total utility from consuming bottles of soda and slices of pizza. The price of pizza is $2 per slice and the price of soda is $1 per bottle. His marginal utility from the 4th bottle of soda is

A) 21.

B) 3.

C) 3 units for soda ÷ 7 units for pizza.

D) 34.

E) 5.25.

53) The table above gives Ali’s total utility from consuming bottles of soda and slices of pizza. The price of pizza is $2 per slice and the price of soda is $1 per bottle. Ali has $14 in his budget. When Ali maximizes his utility, how many bottles of soda does he buy?

A) fewer than 3

B) 3

C) 4

D) 5

E) more than 5

54) The table above gives Ali’s total utility from consuming bottles of soda and slices of pizza. The price of pizza is $2 per slice and the price of soda is $1 per bottle. Ali has $14 in his budget. When Ali maximizes his utility, how many slices of pizza does he buy?

A) fewer than 2

B) 2

C) 3

D) 4

E) more than 4

55) The table above gives Ali’s total utility from consuming bottles of soda and slices of pizza. The price of pizza is $2 per slice and the price of soda is $1 per bottle. Ali has $14 in his budget. When Ali maximizes his utility he buys ________ bottles of soda and ________ slices of pizza.

A) 4; 5

B) 6; 4

C) 2; 6

D) 6; 6

E) None of the above answers is correct.

56) The table above gives Ali’s total utility from consuming bottles of soda and slices of pizza. The price of pizza is $2 per slice and the price of soda is $1 per bottle. Ali has $14 in his budget. When Ali maximizes his utility, his total utility equals

A) 6.

B) 9.

C) 69.

D) 61.

E) None of the above answers is correct.

57) The table above gives Ali’s total utility from consuming bottles of soda and slices of pizza. Suppose the price of a slice of pizza increases. As a result, Ali’s

A) marginal utility per dollar from pizza decreases.

B) total utility increases.

C) purchases of pizza might increase.

D) marginal utility from all the slices of pizza he consumes decreases.

E) marginal utility per dollar from soda increases.

58) Chase has a budget of $14 which he must allocate between steak and cranberry juice. The table gives his marginal utility and the marginal utility per dollar for both of those goods. The price of steak is $10 per serving and the price of cranberry juice is $2 per serving. To maximize his utility, Chase should buy

A) 2 servings of steak and 2 servings of cranberry juice.

B) 2 servings of steak and 4 servings of cranberry juice.

C) 1 serving of steak because this has the highest marginal utility.

D) 1 serving of steak and 2 servings of cranberry juice.

E) 4 servings of steak and 4 servings of cranberry juice.

59) Liz consumes two goods, candy bars and potato chips. Her budget is $4 per day. The price of a candy bar is $1.00 and the price of a bag of chips is 50 cents. Her utility is in the table above. How much marginal utility per dollar does the 3rd bag of potato chips give Liz?

A) 18

B) 4

C) 8

D) 36

E) We need more information to be able to answer the question.

60) Liz consumes two goods, candy bars and potato chips. Her budget is $4 per day. The price of a candy bar is $1.00 and the price of a bag of chips is 50 cents. Her utility is in the table above. For Liz to maximize her utility, what combination of candy bars and potato chips should she eat?

A) 4 candy bars and 0 bags of potato chips

B) 3 candy bars and 2 bags of potato chips

C) 2 candy bars and 4 bags of potato chips

D) 1 candy bar and 5 bags of potato chips

E) None of the above answers is correct.