Question

Suppose the price of pizza falls to $1 per slice. Assuming that Tomʹs preferences continue to be those shown in the above table, and assuming that MU/P = 3 is still the point at which his consumer optimum is reached, how many slices will Tom now buy?

A) 1 slice

B) 2 slices

C) 3 slices

D) 4 slices

Answer

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