Question
Questions 13 - 15 Use the following chart to answer questions 13-15. Slices of Pizza 1 2 3 4 5 6 7 8 9 10
Questions 13 - 15
Use the following chart to answer questions 13-15.
Slices of Pizza | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
Total Utility | 20 | 35 | 45 | 52 | 58 | 59 | 45 | 36 | 20 | 3 |
Question 13 (1.25 points)
Question 13 options:
Which slice of pizza provides the greatest marginal utility?
Question 14 (1.25 points)
Question 14 options:
Which slice of pizza provides a marginal utility of 1?
Question 15 (1.25 points)
Question 15 options:
What is the marginal utility of the 9th slice of pizza?
Question 16 (1.25 points)
Question 16 options:
If the price of coffee is $5, the price of pizza is $10, and your budget is $100, can you afford to purchase 10 cups of coffee and 6 pizzas? (Yes or No)
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