Bianca Consumes Pizza

question 43

Multiple Choice

Bianca consumes pizza.Marginal utility theory predicts that when the price of pizza increases,

• A)Bianca's total utility from pizza will increase.
• B)Bianca's marginal utility from pizza will not change.
• C)Bianca's demand curve for pizza will shift leftward.
• D)Bianca will buy less pizza.
• E)Bianca will buy more pizza.

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Definitions:

Direct Method

The Direct Method in accounting is a way to present the cash flow statement, showing actual cash receipts and payments, directly reporting major classes of gross cash receipts and payments.

Accrual Accounts

Accounts that record revenues and expenses when they are earned or incurred, not necessarily when cash is received or paid.

Accrual Accounting

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash transactions occur.

Subjective Judgments

Assessments based on personal opinions, interpretations, points of view, emotions, and judgment calls rather than on objective observations or measurements.