Answered

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If Shaniq is consuming 6 pizzas and 8 salads, to increase her total utility should she increase her consumption of pizza and decrease her consumption of salad, decrease her consumption of pizza and increase her consumption of salad, or not change her consumption of pizza and salad? If Shaniq is consuming 7 pizzas and 6 salads, to increase her total utility should she increase her consumption of pizza and decrease her consumption of salad, decrease her consumption of pizza and increase her consumption of salad, or not change her consumption of pizza and salad?

Is it possible to determine what combination of pizza and salad maximizes Shaniq’s utility? If it is possible, tell what the utility-maximizing combination is; if it is not possible, BRIEFLY explain why it is not.

If Shaniq Is Consuming 6 Pizzas And 8 Salads To Increase Her Total Utility Should She Increase Her Consumption Of Pizza And Decrease Her Consumption Of Salad De class=

Sagot :

It can be deduced that the combination of pizza and salad that maximizes Shaniq’s utility will be 8 pizzas and 4 salads.

What is utility?

It should be noted that utility is simply used model the worth of a good. It's the satisfaction that a customer gets when he or she uses a good or service.

From the table, it can be deduced that pizzas have higher marginal utility per dollar until the consumer consumes the 8th pizza.

In this case, the marginal utility per dollar from the 9th pizza will be less when compared to that if the marginal utility per dollar from the 4th salad.

The combination of 8 pizzas and 4 salads will be the utility maximizing combination.

Learn more about utility on:

https://brainly.com/question/24922430

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