You and Your Friends Each Eat 2 Slices of Pizza

question 20

Multiple Choice

You and your friends each eat 2 slices of pizza for dinner, there are 8 slices in a pie, and the delivery fee is $5. You must tip 10% on the pizza order but not on the delivery fee. Express the total cost in an expression.

• A)y = 2 x + 5
• B)y = 2.2 x + 5
• C)y = 0.2 x + 5
• D)y = 2 x

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Definitions:

Wealth Effect

The change in spending and consumption patterns caused by changes in perceived wealth.

Recessions

are described as periods of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in successive quarters.

Saving Exceeded Investment

A situation where the amount of savings in an economy surpasses the level of investment spending.

Long-Run Aggregate Supply

A concept in economics that represents the total quantity of goods and services that can be produced in an economy at a given overall price level and in a given time period, assuming all resources are fully employed.