Author Question: As a person consumes more and more slices of pizza, the marginal utility of each extra slice ... (Read 237 times)

V@ndy87

  • Hero Member
  • *****
  • Posts: 571
As a person consumes more and more slices of pizza, the marginal utility of each extra slice diminishes.
 
  Indicate whether the statement is true or false

Question 2

Fresno County, California is the largest agricultural producing county in the country and almonds are an important crop with more than 99,000 acres harvested. Each acre produces about a ton of almonds and sold at a price of 4300 a ton.
 
  The Sagardia Brothers grew 600 acres of almonds. What would happen if the Sagardia Brothers priced their almonds at 4500 a ton? A) Profits will be higher than when they sell them at the lower price.
  B) The quantity sold will be higher.
  C) They will not sell any almonds.
  D) They will sell fewer almonds, but profits will be higher.



shaikhs

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

TRUE

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

For a complete list of videos, visit our video library