Daniel Enjoys Both Soda and Pizza,allocating His Purchases Across These

question 53

Multiple Choice

Daniel enjoys both soda and pizza,allocating his purchases across these two goods so that his utility is maximized.If Daniel receives one-third as much utility from the last can of soda as from the last slice of pizza,we can say that:

• A) the price of pizza is one-third that of soda.
• B) the price of pizza is equal to that of soda.
• C) the price of pizza is twice that of soda.
• D) the price of pizza is three times that of soda.

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Definitions:

Section 29

Without additional context, this is too vague, but it could refer to a specific section of a law or regulation depending on the context.

Ambiguous

Lacking clear definition or boundaries, open to more than one interpretation or understanding.

Plain Language

Writing designed to ensure the reader understands as quickly, easily, and completely as possible.

Bilateral Contract

An agreement between two parties where each promises to perform an act in exchange for the other party's act.