George spends all his income on sandwiches and juice. George's utility is maximized when he is consuming sandwiches and juice so that the
A) marginal utility from sandwiches equals the marginal utility from juice.
B) total utility from sandwiches equals the total utility from juice.
C) marginal utility per dollar spent on sandwiches equals the marginal utility per dollar spent on juice.
D) marginal utility from sandwiches is at a maximum.
Question 2
The value of marginal product of labor
A) is the change in total product that results from selling one more unit of a good.
B) is equal to the price of the good produced multiplied by the marginal product of labor.
C) is equal to marginal revenue multiplied by the quantity.
D) increases as the amount of labor employed increases.
The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
Saving Rates by Income Quintile, 2003
How an Increase in Income Inequality Affects the Desired Tax Rate
Relationship between Income Inequality and Sociopolitical Instability
Relationship between Income per Capita and Population Growth
Mixing 750ml of 190 proof alcohol into 128oz of juice. What is the alc.proof or % of that ...