The above table shows the marginal benefit from submarines for the only two citizens of a country. Suppose submarines cost 175 a piece. Politician A proposes 2 submarines while politician B proposes 4.
Assuming that both Bobby and Katie pay one half of the resulting taxes and neither is rationally ignorant, which politician will win the election? A) A because she offers voters a lower tax bill.
B) A because she offers voters a greater net benefit.
C) B because she offers voters a greater total benefit.
D) B because she offers voters more submarines.
Question 2
Cindy's Sweaters' production function is shown in the above table. What is the marginal product of labor when the 4th worker is hired?
A) 4 sweaters per day
B) 2 sweaters per day
C) 20 sweaters per day
D) 5 sweaters per day
Sequential decline of whale catches in the Antarctic shows the strong effect of human predators.
Hyperopia (farsightedness). In the uncorrected top figure, the image would come into focus behind th
Checklist for Choosing a Massage Table
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