Jack Is Maximizing Utility by Consuming Soft Drinks at $2

question 97

Multiple Choice

Jack is maximizing utility by consuming soft drinks at $2 each and four pieces of pizza.The last soft drink gave him 100 units of utility and the last piece of pizza gave him 50 units of utility.The price of a piece of pizza is

• A) $3.00.
• B) $1.50.
• C) $1.00.
• D) $0.50.
• E) $2.00.

---

Definitions:

Perceived Obligation

The belief or feeling that one is duty-bound to perform certain actions.

Regulative Commitment

An individual's adherence to the rules and policies of an organization due to awareness of costs associated with leaving it.

Attitude Change

The process by which an individual's feelings, beliefs, or behaviors towards a particular entity, idea, or person are altered.

Persuasion Process

A series of steps aimed at changing a person's attitude or behavior towards a topic, idea, or action, typically involving the presentation of persuasive messages.