Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Economics Posted 13 May 2018 My Price 6.00

quantities of pizza

4. Assume Ralph has $10 to spend on pizza, sundaes, or some combination of the two. Assume the price of a slice of pizza (PP) is $2, and the price of a sundae (Pi is $3. The total utility from consuming various quantities of pizza and sundaes are in the table. Knowing that Ralph is a utility maximizer, fill out the table and use it to predict the quantities of slices of pizza and ice cream sundaes Ralph would purchase with $10 (do not submit the filled-out table). TUP Pizza Cream 16 28 39 36 48 40 54 57 How many slices of pizza and ice cream sundaes does Ralph Purchase with $10? How do you know? (15)

Assume Ralph has $10 to spend on pizza, sundaes, or some combination of the two. Assume the price of a slice of pizza (P_P) is $2, and the price of a sundae (P_I) is $3. The total utility from consuming various quantities of pizza and sundaes are in the table. Knowing that Ralph is a utility maximizer, fill out the table and use it to predict the quantities of slices of pizza and ice cream sundaes Ralph would purchase with $10 (do not submit the filled-out table). How many slices of pizza and ice cream sundaes does Ralph Purchase with $10? How do you know?

Answers

Maurice Tutor
(5)
Status NEW Posted 13 May 2018 02:05 PM My Price 6.00

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