Author Question: The above table shows the marginal benefit from submarines for the only two citizens of a country. ... (Read 177 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?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

For a complete list of videos, visit our video library