Fernando Allocates His Lunch Money Between Pizza and Coke

question 24

Multiple Choice

Fernando allocates his lunch money between pizza and Coke.A Coke has a price of $1 and a slice of pizza has a price of $1.50.The marginal utility of the last slice of pizza Fernando ate today was 30, and the marginal utility of his last Coke was 25.Fernando spent all of his lunch money.From this information we can conclude that

• A)Fernando allocated his money in a way that maximized his total utility
• B)Fernando's total utility would have been greater if he had purchased more Coke and less pizza
• C)Fernando's total utility would have been greater if he had purchased more pizza and less Coke
• D)Fernando could have increased his total utility by purchasing more Coke but the same quantity of pizza
• E)Fernando could have increased his total utility by purchasing more pizza but the same quantity of Coke

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Definitions:

Polite Request

A respectful or courteous expression of desire or need.

Status Gap

The perceived or real differences in social, professional, or economic standing between individuals, groups, or entities, often leading to disparities in power or access to resources.

Target Dependence

Target dependence describes a situation or condition where outcomes or processes are heavily reliant on specific goals or objectives for their direction and meaning.

Coercive Power

The power to force someone to do something against their will by using threats, punishment, or other forms of pressure.