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.
That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by
This photo shows a newborn baby minutes after birth.
Winslow Homer, A Wall, Nassau.
The end of a typical line wrench, which shows that it is capable of grasping most of the head of ...
Consumerism and Sustainability: Food from Farm to Table
table