« previous next »

Author Question: The table above gives Cathy's total utility from Mt. Dew. If the price of a Mt. Dew is 1.50, Cathy's ... (Read 154 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
The table above gives Cathy's total utility from Mt. Dew. If the price of a Mt. Dew is 1.50, Cathy's marginal utility per dollar from the 4th Mt. Dew is ________ units per dollar.
 
  A) 15
  B) 10
  C) 82.5
  D) 22.5

Question 2

The above figure shows the marginal social benefit and marginal social cost curves of chocolate in the nation of Kaffenia. At Kaffenia's efficient quantity of chocolate
 
  A) total consumer surplus is zero.
  B) total producer surplus is zero.
  C) the sum of consumer surplus and producer surplus is zero.
  D) the sum of consumer surplus and producer surplus is maximized.


flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Drugs and their effect table Drugs and their effect table
Louis Comfort Tiffany, Tiffany Studios, Water-lily table lamp. Louis Comfort Tiffany, Tiffany Studios, Water-lily table lamp.
With the arm placed on the table, apply effleurage over the entire upper limb as a reconnecting and ... With the arm placed on the table, apply effleurage over the entire upper limb as a reconnecting and ...
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Total Solid Waste, MSW per Capita Total Solid Waste, MSW per Capita
List transformations and Create a table of values for the following log function: List transformations and Create a table of values for the following log function:
Video: Immune responses Animation

For a complete list of videos, visit our video library