« previous next »

Author Question: Erika's utility with 3,000 of wealth is 6,000 and her utility with 3,001 of wealth is 6,005. Her ... (Read 87 times)

meagbuch

  • Hero Member
  • *****
  • Posts: 568
on: Jun 29, 2018
Erika's utility with 3,000 of wealth is 6,000 and her utility with 3,001 of wealth is 6,005. Her marginal utility from gaining the additional 1 of wealth is ________.
 
  A) 6,005
  B) 3,001
  C) 6,000
  D) 5

Question 2

The figure above shows a perfectly competitive firm. To maximize its profit, the firm will produce ________ units of output and the price will be ________ for a unit.
 
  A) 30; 40
  B) 30; 30
  C) 20; 40
  D) 20; 30


brittrenee

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

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

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a
The Distribution of the Earth's Wealth The Distribution of the Earth's Wealth
A mere one-half percent of Americans owns over a quarter of the entire nation’s wealth. Very few ... A mere one-half percent of Americans owns over a quarter of the entire nation’s wealth. Very few ...
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
Agricultural Land as a Fraction of Total Wealth in the United Kingdom Agricultural Land as a Fraction of Total Wealth in the United Kingdom
Video: How do the different types of chromatography work? (No Audio)

For a complete list of videos, visit our video library