« previous next »

Author Question: Suppose the marginal utilities for the first three cans of soda are 100, 80 and 60, respectively. ... (Read 131 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
Suppose the marginal utilities for the first three cans of soda are 100, 80 and 60, respectively. The total utility received from consuming 2 cans is
 
  A) 20. B) 80. C) 90. D) 180.

Question 2

When firms analyze the relationship between their level of production and their costs they separate the time period involved into
 
  A) a fixed period and a variable period.
  B) morning and evening.
  C) the short run and the long run.
  D) 6 months or less; 6 months to 1 year; more than 1 year.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


dellikani2015

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Diane

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jun 29, 2018
Thank you :)


dellikani2015

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

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.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Do you know how many calories are in your chips-and-soda “study snack”? Do you know how many calories are in your chips-and-soda “study snack”?
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
A sample of baking soda is heated and releases carbon dioxide gas into a 1000-mL A sample of baking soda is heated and releases carbon dioxide gas into a 1000-mL
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Video: Hemodynamics Animation

For a complete list of videos, visit our video library