Table 10-6 Table 10-6 Shows Antonio's Utility from Beer and Beer

question 32

Multiple Choice

Table 10-6
Table 10-6 shows Antonio's utility from beer and pizza.
-Refer to Table 10-6.Suppose Antonio has $10 to spend and the price of beer = $2 per glass and the price of pizza = $2 per slice.How many of each good will he consume when he maximizes his utility?

• A)2 glasses of beer,1 slice of pizza
• B)2 glasses of beer,3 slices of pizza
• C)3 glasses of beer,2 slices of pizza
• D)4 glasses of beer,5 slices of pizza

---

Definitions:

Uncollectible Account

Accounts receivable that are deemed irrecoverable and are written off as a loss because the debtor is unable to pay.

Selling Inventory

The process of converting a company's inventory into sales or revenue, typically reflecting the cost of goods sold and revenue generated.

Bank Reconciliation

The process of matching and adjusting the balance of an entity's bank account against its financial records to ensure accuracy.

Deposits in Transit

Deposits in transit refer to funds that have been received and recorded by a business but not yet reflected in the bank's records.