Ask Question
12 June, 22:06

Assume that pizza costs $1 per slice and a large pepsi costs $2. with $20 to spend, what consumption mix will maximize satisfaction?

+3
Answers (1)
  1. 12 June, 23:41
    0
    The choice of how many slices of pizza and/or how many large pepsi is to be bought comes from the idea of which of the two products will give more satisfaction to the consumer.

    It is a common knowledge that for several number of pizza, a person can only consume minimal amount of pepsi. For maximum satisfaction, a combination of 2:1 may be used. That is, for very two slices of pizza, one may buy a large pepsi costing $2.

    Given that the money available is $20 then, 5 sets of 2 slices of pizza and large pepsi may be purchased.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Assume that pizza costs $1 per slice and a large pepsi costs $2. with $20 to spend, what consumption mix will maximize satisfaction? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers