John Consumes Pizza and Pasta,both Normal Goods

question 83

Multiple Choice

John consumes pizza and pasta,both normal goods.He is maximizing his utility in consumption of both goods.The price of pasta rises.Assuming that diminishing marginal utility applies to both goods,as John adjusts to this event,the marginal utility of pizza will _____,and the marginal utility of pasta will _____.

• A)rise;rise
• B)fall;fall
• C)fall;rise
• D)rise;fall

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Definitions:

Local Management Talent

Individuals within a specific geographical location who possess the skills and abilities to effectively manage organizations or businesses.

American Marketing Strategies

Marketing approaches and techniques used by companies in the United States to promote their products or services and increase market share.

Water Management

The process of planning, developing, distributing, and managing the optimum use of water resources in an efficient and sustainable manner.

Manufacturing Processes

The methods and steps involved in converting raw materials into finished products, often through the use of machinery, labor, and chemical processing.