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Author Question: John receives a marginal benefit of 80 from one missile. Nick receives a marginal benefit of 50 from ... (Read 103 times)

mp14

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on: Jun 29, 2018
John receives a marginal benefit of 80 from one missile. Nick receives a marginal benefit of 50 from one missile. Christina receives a marginal benefit of 65 from one missile. John, Nick, and Christina are the only people in the economy.
 
  What is the economy's marginal social benefit from one missile? A) 50
  B) 65
  C) 80
  D) 195

Question 2

The figure above shows Freda's PPF. Freda currently produces 10 packets of fudge and no cookies. If Freda decides to produce 1 packet of cookies, her opportunity cost of the packet of cookies is ________ of fudge.
 
  A) 1 packet
  B) 1/2 packet
  C) 2 packets
  D) 0 packets


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Alyson.hiatt@yahoo.com

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


mp14

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

laurnthompson

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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