Scenario 5.1 The Demand for Noodles Is Given by the Following Equation

question 12

Multiple Choice

Scenario 5.1
The demand for noodles is given by the following equation: Q = 20 - 4P + 0.2I - 2P_x. Assume that P = $8, I = 200, and P_x = $10.
-As a consumer eats additional pieces of pizza, total utility will _____.

• A)always keep increasing
• B)always keep decreasing
• C)keep increasing until dissatisfaction sets in
• D)keep decreasing until dissatisfaction sets in
• E)initially keep decreasing until it becomes zero and then increase

---

Definitions:

Limited Edition

Refers to a unique or exclusive set of items, often numbered or marked to denote rarity.

Protect

To keep someone or something safe from harm, damage, or injury, often through preventative measures or safeguards.

Patent Act

Legislation that sets out the rules for the granting of patents, their administration, and the protection of patent rights within a jurisdiction.

Original Design

The initial concept or blueprint created for a product, structure, or system.