Number 4 part a

Number 4 part a - Then change the price of pizza to $2 per...

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a. Using the following utility schedule, derive a demand curve for pizza. Assume income is $10, the price of each slice of pizza is $1, and the price of each glass of beer is $2.
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Unformatted text preview: Then change the price of pizza to $2 per slice. Slices of Pizza Total Utility Glasses of Beer Total Utility 1 200 1 500 2 380 2 800 3 540 3 900 4 600 4 920 5 630 5 930...
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This note was uploaded on 08/04/2011 for the course ECN 601 taught by Professor Professor during the Spring '10 term at Grand Canyon.

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