Author Question: The above table shows the marginal benefit from submarines for the only two citizens of a country. ... (Read 193 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?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

The FDA recognizes 118 routes of administration.

For a complete list of videos, visit our video library