The optimal amount of Pizza that John would be able to buy is 5.
<h3>How to solve for the optimum</h3>
1. We can see that he has zero as his 6th consumption based on marginal Utility. This shows that he can consume 5 pieces of Pizza.
2. If he should purchase 8 slices, total utility is calculated as
20 + 12 + 10 + 6 + 2 + 0- 2 - 6
= 42
3. This is added as an attachment
4. Total amount that John can spend = $ 20. Given that he cannot make use of his savings, the total amount that he can consume would be what is less than 3 slices and 4 funnel cake.
5. The total utility that John is going to gain would be calculated as
Total utility = 20+12+50+40+32+20 = 32 + 142 = 174
This puts the total utility at 174
Read more on marginal utility here:
brainly.com/question/15050855
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Answer:
Option B
Explanation:
A political participation is part of an activity by which people tend to express, develop opinions on the world and how it is been governed.
An example is Protest march. In this process, people that has a common interest engage in this to show to the political world their interest and what they want. It is a political move and activity to explain to the political leaders how a certain decision or activity affect the people it governs.
Answer:
provide in-demand technical training to citizens in need of marketable skills.
The correct answer is: "commerce and taxes"
When a country has developed trade, it means that its production system is efficent enough to produce enough goods and services to satisfy the needs of its population, plus a production surplus which is sold through commercial activities. The more intense the trade activities conducted are, the more these would need to rely on more advanced technologies and on greater efficiency in the production process. Such situation brings sustained economic growth.
But many times, free markets do not conduct to a fair distribution of all the income generated by the production and trade activities. This is why advanced countries use taxation, collecting money to offer public services or aiding those in need.
