Author Question: The above table shows the marginal benefit from submarines for the only two citizens of a country. ... (Read 192 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
The above table shows the marginal benefit from submarines for the only two citizens of a country. Suppose submarines cost 175 a piece. Politician A proposes 2 submarines while politician B proposes 4.
 
  Assuming that both Bobby and Katie pay one half of the resulting taxes and neither is rationally ignorant, which politician will win the election? A) A because she offers voters a lower tax bill.
  B) A because she offers voters a greater net benefit.
  C) B because she offers voters a greater total benefit.
  D) B because she offers voters more submarines.

Question 2

Cindy's Sweaters' production function is shown in the above table. What is the marginal product of labor when the 4th worker is hired?
 
  A) 4 sweaters per day
  B) 2 sweaters per day
  C) 20 sweaters per day
  D) 5 sweaters per day



shayla

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

For a complete list of videos, visit our video library