Bottles of Soda Slices of Pizza

question 282

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.His marginal utility from the 4th slice of pizza is

• A) 7.
• B) 3.50.
• C) 34.
• D) 17.50.
• E) 27.

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Definitions:

Johnson's Rule

A scheduling technique that minimizes the total elapsed time required to complete a group of jobs on two machines or in two process stages.

Work Centres

Locations within a manufacturing facility where specific production activities or operations are carried out, often involving particular machines or groups of workers.

Alpha

In finance, the excess return of an investment relative to the return of a benchmark index. In statistics, the probability of a Type I error in hypothesis testing.

Beta

In finance, a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole.