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

question 36

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. Ali has $14 in his budget. When Ali maximises his utility, his total utility equals

• A) 6.
• B) 9.
• C) 61.
• D) 69.
• E) None of the above answers is correct.

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Definitions:

Market Shares

Describes the portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.

Laissez-faire Antitrust

An approach to antitrust policy that minimizes government intervention in the market, based on the belief that markets should regulate themselves.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, leading to a decrease in the per-unit cost as output increases.

Market Dominance

Market dominance refers to the situation where a company has a significant share of the total sales of a particular product or service, giving it substantial control over the market.