Bottles of Soda Slices of Pizza

question 65

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.Suppose the price of a slice of pizza increases.As a result,Ali's

• A) marginal utility per dollar from pizza decreases.
• B) total utility increases.
• C) purchases of pizza might increase.
• D) marginal utility from all the slices of pizza he consumes decreases.
• E) marginal utility per dollar from soda increases.

Identify and differentiate between various types of networks and their specific uses.

Understand the principles of creating and managing digital content effectively.

Understand the concept of translation gains and losses and their treatment in financial statements.

Identify the characteristics of an integrated parent company and foreign subsidiary relationship.

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Definitions:

Accounting Profits

The net earnings of a company calculated according to generally accepted accounting principles, taking into account all explicit costs but not implicit costs.

Implicit Cost

Costs that represent the loss of potential gain from using assets in an alternative option rather than in their current use.

Implicit Costs

The opportunity costs of resources that are owned by the firm and used in production, not involving direct payment of money but affecting the firm's profitability.

Explicit Costs

Direct payments made to others in the course of running a business, such as wages, rent, and materials.