Pizza Pepsi -Elaine Spends $10 a Week on Pizza and Pepsi. the and Pepsi

question 56

Multiple Choice

Pizza Pepsi
-Elaine spends $10 a week on pizza and Pepsi. The price of pizza is $2 a slice and the price of a Pepsi is $2. The table shows Elaine's total utility from pizza and hamburgers. Elaine maximizes her total utility by buying ________ slices of pizza and ________ hamburgers a week.

• A) 5; 0
• B) 0; 5
• C) 3; 2
• D) 2; 3

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Definitions:

Unredeemed Containers

Items such as bottles or cans that are not returned for a deposit, often creating recycling or waste management challenges.

Fee Increase

An adjustment that results in the rise of charges or fees for services or goods.

Social Discount Rate

The rate used to convert future costs and benefits to their present value in order to make decisions regarding public projects.

NPV Calculations

The process of determining the net present value of cash flows by discounting them to the present value using a specific rate.