Bottles of Soda Slices of Pizza

question 240

Multiple Choice

Bottles of Soda Slices of Pizza

-The table above gives Ali's total utility from consuming bottles of soda and slices of pizza.The price of pizza is $2 per slice and the price of soda is $1 per bottle.His marginal utility from the 4th bottle of soda is

• A) 21.
• B) 3.
• C) 3 units for soda ÷ 7 units for pizza.
• D) 34.
• E) 5.25.

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Definitions:

Factory Overhead

Costs related to operating a manufacturing facility not directly tied to a specific product, including maintenance, utilities, and equipment depreciation.

Process Manufacturers

Companies that produce goods in bulk by combining ingredients or raw materials through a sequence of measured steps.

Continuous Flow

A production process that operates without any interruptions, producing goods at a constant rate.

Weighted-Average Method

This is a cost accounting method that calculates inventory cost by taking the weighted average of all units available for sale during the accounting period.