Bottles of Soda Slices of Pizza

question 68

Multiple Choice

Bottles of Soda Slices of Pizza

-The table above gives Ali's total utility from consuming bottles of soda and slices of pizza.The price of pizza is $2 per slice and the price of soda is $1 per bottle.Ali has $14 in his budget.When Ali maximizes his utility he buys ________ bottles of soda and ________ slices of pizza.

• A) 4; 5
• B) 6; 4
• C) 2; 6
• D) 6; 6
• E) None of the above answers is correct.

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Definitions:

Oil

A fossil fuel used primarily for energy production and as a raw material in manufacturing.

Absolute Advantage

Refers to the ability of a country, individual, or firm to produce a good or service more efficiently than competitors, using fewer resources.

Production Possibility Frontiers

An illustration indicating the peak output capabilities for two items, using certain inputs like resources and additional elements.

Wheat

A cereal grain that is a worldwide staple food, grown in numerous varieties.