Examlex

Solved

Luis Is Consuming His Optimal Consumption Bundle of Pizza and Tacos

question 165

Multiple Choice

Luis is consuming his optimal consumption bundle of pizza and tacos. The marginal utility associated with the last pizza he consumes is 1 util, and the marginal utility associated with the last taco is 3 utils. What must be the relative price of pizza in terms of tacos?


Definitions:

Recommended Intake

The daily amount of nutrients suggested for optimal health, as determined by health organizations.

Nutrients

Essential substances that organisms must obtain from their diet to sustain life and achieve proper growth and bodily function.

Classes

Organized groups or sessions of instruction or education in various subjects or skills.

Macronutrients

Essential nutrients, including carbohydrates, fats, and proteins, required in large amounts for energy and support of bodily functions and growth.

Related Questions