The above table shows Priscilla's marginal utility from the two goods she consumes, pizza and Pepsi. The price of a slice of pizza is $2 and of a can of Pepsi is $1. Suppose Priscilla has $6 to spend
Which combination of pizza and Pepsi will maximize Priscilla's utility? A) 3 slices of pizza
B) 2 slices of pizza and 2 cans of Pepsi
C) 3 cans of Pepsi and 1 slice of pizza
D) 1 slice of pizza and 3 cans of Pepsi
B
Economics
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An asset is liquid if:
A) its value does not change from day to day. B) it can be easily converted into cash without loss of value. C) it offers a positive rate of interest. D) its value is more likely to increase in future.
Economics
Explain why the simple deposit multiplier overstates the true deposit multiplier
What will be an ideal response?
Economics