Coke and Pepsi Are Perfect Substitutes for Mr

question 8

Multiple Choice

Coke and Pepsi are perfect substitutes for Mr.Drinker and the slope of his indifference curves is - 1.One day he bought 2 cans of Coke and 20 cans of Pepsi.(The cans of both drinks are the same size.)

• A)Coke is less expensive than Pepsi.
• B)Coke is more expensive than Pepsi.
• C)Coke and Pepsi cost the same.
• D)Mr.Drinker prefers Pepsi to Coke.
• E)None of the above.

---

Definitions:

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact through controlled conditions and variables.

Population

The total number of inhabitants constituting a particular race, class, or group in a specified area.

Attitudes

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.

Drinking

The act of consuming liquids, often specifically referring to the consumption of alcoholic beverages.