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Suppose that John receives 400 utils from his last soda and 200 utils from his last slice of pizza. What can we conclude about John's
Suppose that John receives 400 utils from his last soda and 200 utils from his last slice of pizza. What can we conclude about John's choices if the price of a soda is $1 and the price of a slice of pizza is $2?
None of the above answers is correct.
David Simon should buy more pizza to maximize his utility.
David Simon should buy more soda to maximize his utility.
David Simon needs to buy less soda and less pizza to maximize his utility.
David Simon is maximizing utility because he buys more of the good providing the most utility.
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