Question

Consider a nitustion in which rnes boy te aios TT curent price is by the restaurant at lioe. The additionao adition (S)poralie,oblnined by representative consumer from each addisionsl ice ofven br S 10Qhee the number of slices consumed. Pizzs Consumed SalisiactionCost 6 10 ta) Complete the table. (b) f the consuner wants to maximize total sutisfaction, net of expeiditure o pim what the preferred quantity of pizs to consutne? sho You wock and reasoning) e) Plot total satisfaction auietity o ozza cosnd Assue the couer begius at OD, with ofacion)

Answer 1

We assume that the incremental satisfaction is given in terms of dollars.