Suppose the Price of Pizza Falls to $1 Per Slice

question 163

Multiple Choice

Suppose the price of pizza falls to $1 per slice. Assuming that Tom's preferences continue to be those shown in the above table, and assuming that MU/P = 3 is still the point at which his consumer optimum is reached, how many slices will Tom now buy?

• A) 1 slice
• B) 2 slices
• C) 3 slices
• D) 4 slices

Explain the significance of the notochord and other chordate features in the phylogeny of the group.

Identify adaptations to terrestrial life in vertebrates.

Understand the evolutionary relationships and characteristics of early jawed and jawless fishes.

Describe the adaptations and characteristics of amphibians and their vulnerability to environmental changes.

---

Definitions:

Strike Price

The set price at which the holder of an option can buy (for a call option) or sell (for a put option) the underlying asset.

Risk-Free Rate

A risk-free investment's projected yield, often shown through the returns on government debt.

Call Option

This is a deal in financial settings enabling the purchaser the freedom, but not the requirement, to buy various assets such as stocks, bonds, or commodities at an established price before the conclusion of a certain timeframe.

Put Option

A financial contract allowing the holder to sell an asset at a predetermined price within a specific timeframe.