This topic contains a solution. Click here to go to the answer

Author Question: Jenny buys sodas and popcorn. Sodas sell for 1 and popcorn sells for 2 a bag. Currently she is in ... (Read 147 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
Jenny buys sodas and popcorn. Sodas sell for 1 and popcorn sells for 2 a bag. Currently she is in consumer equilibrium, with the marginal utility from her last dollar spent on popcorn equal to 100 units of utility.
 
  The marginal utility from her last dollar spent on sodas is A) 20 units of utility.
  B) 30 units of utility.
  C) 50 units of utility.
  D) 100 units of utility.

Question 2

An advantage of the corporation over other forms of business organization is that
 
  A) the owners have unlimited liability.
  B) a corporation's profits are taxed only once.
  C) large-scale, low-cost capital is more readily available.
  D) the decision-making structure is simple.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

BAOCHAU2803

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

C

Answer to Question 2

C




Collmarie

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

For a complete list of videos, visit our video library