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Question
| Quantity of Pizza | Marginal Utility | Quantity of Beer | Marginal Utility |
| 1 | 45 | 1 | 40 |
| 2 | 40 | 2 | 40 |
| 3 | 30 | 3 | 35 |
| 4 | 15 | 4 | 10 |
| 5 | -5 | 5 | 0 |
Referring to the above table, suppose Bobʹs ratios of marginal utility of beer to the price of beer and the marginal utility of pizza to the price of pizza are equal. If the price of beer increases
A) Bob will probably consume more beer and less pizza.
B) Bob will probably consume less beer and less pizza.
C) Bob will probably consume less beer and more pizza.
D) Bob will still consume the same amount of beer and pizza.
Answer
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