(Figure: Utility Table I) in the Table, Assume That a Consumer

question 31

Multiple Choice

(Figure: Utility Table I) In the table, assume that a consumer has a budget of $8, pizza costs $2 per slice, and soda costs $1 per can. Utility will be maximized by buying:
$\begin{array}{l}\quad\quad\quad\quad\quad\text { Pizza } \quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Soda }\\\begin{array}{|c|c|}\hline \text { Quantity } & \text { Total Utility } \\\hline 0 & 0 \\\hline 1 & 72 \\\hline 2 & 108 \\\hline 3 & 126 \\\hline 4 & 137 \\\hline 5 & 144 \\\hline\end{array}\begin{array}{c|c|}\hline \text { Quantity } & \text { Total Utility } \\\hline 0 & 0 \\\hline 1 & 48 \\\hline 2 & 84 \\\hline 3 & 108 \\\hline 4 & 120 \\\hline 5 & 127 \\\hline\end{array}\end{array}$

• A) 4 slices of pizza and 0 can of soda.
• B) 3 slices of pizza and 2 cans of soda.
• C) 2 slices of pizza and 4 cans of soda.
• D) 1 slice of pizza and 6 cans of soda.

---

Definitions:

Anticipatory Breach

When one party indicates before the time of performance that they will not fulfill their part of the contract.

Performance

The execution or accomplishment of work, acts, feats, or functions as specified in a contract or agreement.

Repudiation

The rejection or denial of a duty, obligation, or contract.

Anticipatory Breach

An expressed or implied declaration by one party to a contract that they do not intend to fulfill their future obligations under the contract.