If Paloma Is Consuming the Utility-Maximizing Quantities of Pizza and Soda

question 5

Essay

If Paloma is consuming the utility-maximizing quantities of pizza and soda pop, then we can conclude that:
A.the price of pizza equals the price of soda pop.
B.the marginal utility of pizza is equal to the marginal utility of soda pop.
C.the ratio of the marginal utility to price is the same for pizza and for soda pop.
D.the total utility of pizza is equal to the total utility of soda pop.

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Definitions:

Neutral

An unbiased position or stance that does not favor any side in a conflict or competition.

Verifiable

The quality of information that occurs when independent observers, using the same methods, obtain similar results.

Faithful Representation

Numbers and descriptions match what really existed or happened—they are factual.

Sales

The revenue earned from selling goods or services over a period of time.