« previous next »

Author Question: The above table shows Homer's utility from boxes of doughnuts. As Homer's consumption of doughnuts ... (Read 162 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
on: Jun 29, 2018
The above table shows Homer's utility from boxes of doughnuts. As Homer's consumption of doughnuts increases, his
 
  A) marginal utility is positive and increasing.
  B) marginal utility is positive but decreasing.
  C) marginal utility is negative but increasing.
  D) marginal utility is negative and decreasing.

Question 2

In the above table, the firm
 
  A) must be in a perfectly competitive market because its marginal revenue is constant.
  B) must be in a perfectly competitive market because its marginal cost curve eventually rises.
  C) cannot be in a perfectly competitive market because its short-run economic profits are greater than zero.
  D) cannot be in a perfectly competitive market because its long-run economic profits are greater than zero.


babybsemail

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Assisting the patient to transfer from the bed or examining table to a wheelchair. Assisting the patient to transfer from the bed or examining table to a wheelchair.
Standing at the head of the table, apply oil or lotion to chest area. Spread lubricant fanning out ... Standing at the head of the table, apply oil or lotion to chest area. Spread lubricant fanning out ...
Effleurage to the entire back to apply oil. Stand at the side of the table near the recipient’s ... Effleurage to the entire back to apply oil. Stand at the side of the table near the recipient’s ...
Periodic table of the elements Periodic table of the elements
Short Table of Laplace Tranforms Short Table of Laplace Tranforms
Table - Analysis Table - Analysis
Video: Summary of glucose catabolism

For a complete list of videos, visit our video library