The Following Table Shows the Benefit That Evan Derives from Consuming

question 146

Multiple Choice

The following table shows the benefit that Evan derives from consuming pizza. The price of a slice of pizza is $4.

-Refer to the table above.The optimal number of slices of pizza for Evan is ________,and he will get ________ in consumer surplus from it.

• A) 4; $15
• B) 3; $12
• C) 1; $8
• D) 2; $10

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Definitions:

Availability Heuristic

An intellectual shortcut based on immediate examples that present themselves in a person's thoughts when assessing a specific area, idea, method, or decision.

Writer

An individual who engages in the act of producing written content, such as books, articles, or other textual materials.

Teacher

An individual who instructs or educates others, typically in an academic setting.

Simple Probability

The likelihood of a single event occurring, calculated by dividing the number of favorable outcomes by the total number of possible outcomes.