-The Table Above Gives Ali's Total Utility from Consuming Bottles

question 55

Multiple Choice

-The table above gives Ali's total utility from consuming bottles of soft drink and slices of pizza. The price of pizza is $2 per slice and the price of soft drink is $1 per bottle. His marginal utility from the 4th bottle of soft drink is

• A) 3.
• B) 5.25.
• C) 21.
• D) 34.
• E) 3 units for soft drink ÷ 7 units for pizza.

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Definitions:

Statute of Frauds

A legal doctrine requiring certain types of contracts, such as for the sale of land or goods over a certain value, to be in writing to be enforceable.

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