This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Liz's marginal utility for two different goods is determined by A) her average utility for the ... (Read 82 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
Liz's marginal utility for two different goods is determined by
 
  A) her average utility for the two goods.
  B) how much benefit she gets from another unit of each of those goods.
  C) summing her total utility from consumption of each good and then dividing by two.
  D) All of the above answers are correct.

Question 2

Which of the following are reasons economists consider valid for trade protection?
 
  I. Protection penalizes countries that have weak environmental standards.
  II. Protection limits dumping of low-wage jobs into the domestic economy.
  III. Protection prevents low-wage jobs in foreign countries from lowering wages in the United States.
  A) I and II
  B) II and III
  C) I, II, and III
  D) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

strudel15

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


audragclark

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
:D TYSM

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

The small-scale distribution of different tree species in a Douglas-fir forest is determined by both The small-scale distribution of different tree species in a Douglas-fir forest is determined by both
Worldly Goods Worldly Goods
Functional MRI Scans These scans of human brains show localized average increases in neural activity Functional MRI Scans These scans of human brains show localized average increases in neural activity
Genetically determined innate immunity due to the species specificity of some infections, due to ... Genetically determined innate immunity due to the species specificity of some infections, due to ...
Binding site variation for transcription factor CEBPA along gene PCK1 as determined by ChIP Binding site variation for transcription factor CEBPA along gene PCK1 as determined by ChIP
Average Years of Schooling versus GDP per Capita Average Years of Schooling versus GDP per Capita
Video: Interview with Person having Obsessive Compulsive Disorder

For a complete list of videos, visit our video library