Bobby Is Buying Slices of Pizza and Place a Value

question 41

Multiple Choice

Bobby is buying slices of pizza and place a value of his utility of the first slice at $5; a second slice at $4, and a third slice at $2.If Bobby eats three slices of pizza for lunch, his total utility is equal to

• A)$5 less what he had to pay.
• B)$2, since that's the marginal utility of the last slice.
• C)the marginal utility of the third slice.
• D)$11.

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