Author Question: If total utility from consuming five cups of cocoa is 10, 22, 32, 41, and 49 utils, respectively, ... (Read 31 times)

K@

  • Hero Member
  • *****
  • Posts: 608
If total utility from consuming five cups of cocoa is 10, 22, 32, 41, and 49 utils, respectively, the marginal utility of the fourth cup of coffee is 9.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is true of the General Agreement on Tariffs and Trade (GATT)?
 a. It is now called the World Agreement on Trade and Tariffs.
  b. It was the global trade agreement that did away with the gold standard.
  c. It was a policy of the United States to raise tariffs on imported sugar.
  d. It was the first global trade agreement that followed World War II.
  e. It was a global trade agreement to raise tariffs.



Ahernandez18

  • Sr. Member
  • ****
  • Posts: 361
Answer to Question 1

True

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

For a complete list of videos, visit our video library