-Using the Above Table, If the Price of Pepsi Is

question 227

Multiple Choice

-Using the above table, if the price of Pepsi is $3, how many cans of Pepsi would have to be consumed in order to have a marginal utility to price ratio of 3?

• A) one can
• B) two cans
• C) three cans
• D) four cans

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Definitions:

Petabyte

A unit of information or computer storage equal to one quadrillion bytes or 1,024 terabytes, commonly used to measure data capacity on a large scale.

Terabyte

A unit of digital data storage equal to approximately 1 trillion bytes or 1024 gigabytes, often used to measure hard drive or memory capacity.

Binary Digit

Also known as a "bit," it is the smallest unit of data in computing, representing two possible values: 0 or 1.