Author Question: The above table shows the marginal benefit from submarines for the only two citizens of a country. ... (Read 178 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?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

For a complete list of videos, visit our video library