Emma Consumes Only Tacos and Pizza

question 260

Multiple Choice

Emma consumes only tacos and pizza. They are substitute goods for her. The price of a taco falls. Emma will buy ________ tacos and her marginal utility from the last slice of pizza she eats ________.

• A) more; does not change
• B) more; decreases
• C) the same quantity; does not change
• D) less; increases

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Definitions:

Implement

To put into effect or action; to execute a plan, agreement, or measure.

Evaluate Results

The process of analyzing outcomes to determine the extent to which objectives or goals have been achieved.

Tactical Plans

Short-term strategies designed to implement specific aspects of a more comprehensive strategic plan.

Strategic Objectives

Specific goals that an organization aims to achieve as part of its broader strategy, guiding decision-making and resource allocation.