This topic contains a solution. Click here to go to the answer

Author Question: Sal likes to eat pizza. The ________ is the maximum amount that Sal is willing to pay for one more ... (Read 71 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
Sal likes to eat pizza. The ________ is the maximum amount that Sal is willing to pay for one more piece of pizza.
 
  A) efficient price
  B) efficient amount
  C) marginal benefit
  D) marginal cost

Question 2

All of the following statements about marginal benefit are correct EXCEPT the marginal benefit of a good
 
  A) is the benefit a person receives from consuming one more unit of the good or service.
  B) is measured as the maximum amount that a person is willing to pay for one more unit of the good.
  C) is equal to zero when resource use is efficient.
  D) decreases as the quantity consumed of the good increases.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nikmaaacs

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

C

Answer to Question 2

C




plus1

  • Member
  • Posts: 676
Reply 2 on: Jun 29, 2018
Excellent


jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

For a complete list of videos, visit our video library